Page 10 - UNION PROPERTIES GENERAL REPORT - November 2024_Neat

Dubai leads GCC stock markets in

October

Dubai's benchmark index has gained 13.1% so far this year
Published: Sun 3 Nov 2024, 4:30 PM

Updated: Sun 3 Nov 2024, 4:31 PM

• By

Traders at the Dubai Financial Market. — AFP file
Dubai remained the GCC’s top performing equity market in October, registering the biggest
monthly gain in the GCC at 1.9 per cent to close at 4,591.1 points, data showed on Sunday.
The Dubai Financial Market General Index maintained consistent positive performance for the
fifth consecutive month, data from Kamco Invest showed. The monthly performance pushed the
year-to-date gains for the DFM Index to the highest in the GCC at 13.1 per cent, a report,
prepared by Junaid Ansari, Kamco’s head of investment strategy and research, Mohamed Ali
Omar, associate and Vineetha K. Yeluri, analyst, showed.

Four out of the eight sectors recorded growth during the month. However, the overall index
surged during the month due to a gain in real estate index, which recorded a 1.7 per cent
increase in October, closing at 8,458.0 points. The gain in the real estate index was mainly
attributed to gains in large-weighted Emaar Development (6.3 per cent) and Deyaar

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