Dubai’s stock exchange (the bourse) posted its largest gains in more three weeks this week, as blue chip property stocks soared.
The Dubai Financial Market General Index jumped more than 1% on Monday (18 May), and closed higher by 1.3%. Tuesday (19 May) saw the index extend its gains for a third consecutive trading session, adding another 1.35% by the close.
Real estate stocks were the main drivers of the index’s charge, with the heavyweight Emaar Properties making gains and Damac Properties also significantly appreciating.
