This was probably a case of the DFM General Index playing catch up with the other GCC indices. Going into September the Index was down 18% for the year, almost twice as much as the next worst performing index. Dubai is still the worst performing Index so far this year but is now down only 6.65%.
On the volume front the Dubai market was also the leader in September with a +175% increase in shares traded compared to the previous month. However, in absolute terms the volume in Dubai during September was not significant. In fact, the monthly volume was only the fifth highest month so far this year.
Enjoy.
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