Page 10 - Union Properties General Report - August 2024

Dubai equities shine

brightest in GCC this year

Year-to-date gains of 6.5 per cent highest among all Gulf stock markets,
data shows
by
Somshankar Bandyopadhyay

The Dubai Financial Market. The overall index surged during the month due to the growth of the
financial index, which recorded 1.8 per cent growth during August. — AFP
Published: Sun 1 Sep 2024, 8:40 PM
The Dubai Financial Market General Index’s year to date gains are the highest
among its GCC peers, data showed on Sunday.
According to data from Kamco Invest, the benchmark recorded its third
consecutive monthly gain and the second-biggest monthly gain among the
GCC markets last month, rising 1.3 per cent to close at 4,325.45 points.

This pushed the benchmark’s year-to-date gains to the highest in the GCC at
6.5 per cent. The overall index surged during the month due to the growth of
the financial index, which recorded 1.8 per cent growth during August 2024
to close the month at 3,170.4 points.
The financial indices’ growth was mainly attributed to gains in large-
weighted banks and insurance companies including Emirates Investment

https://www.khaleejtimes.com/business/markets/dubai-equities-shine-brightest-in-gcc-this-year