Bulls hold firm on UAE bourses

Bulls continued to hold firm on UAE bourses on Thursday on hopes of strong economic recovery and growing investor confidence.

Banks and real estate shares got a boost in Dubai with the DFM General Index closing higher by 1.77 per cent at 3504.66 points. Both volume and value crossed the one-billion mark on strong trading activity.

The index opened at 3,443.76 points and so far the index has gained four per cent for the year.Among the gainers, Al Salam Sudan rose for the second straight day by 14.71 per cent to Dh2.73, followed by Al Salam Bank ? Bahrain by 9.09 per cent to Dh1.68 and Drake & Scull by 8.67 per cent to Dh1.63.

via Bulls hold firm on UAE bourses | GulfNews.com.