Page 13 - Union Properties General Report - August 2024
P. 13
9/2/24, 12:03 PM Dubai Equities Shine Brightest In GCC This Year
Dubai Equities Shine Brightest In GCC This Year
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9/2/2024 12:21:21 AM
(MENAFN- Khaleej Times) 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.
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