September GCC Index Review — Monthly Index Review — GCC Market Analytics
September GCC Index Review | GCC Market Analytics

Monday, 4 October 2010

September GCC Index Review

All GCC indices rose in value during September. However, the DFM General Index was the stand out performer, rising 13.48% over the month.

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.


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