AME Info, Abu Dhabi, United Arab Emirates, finance and economy briefs
AME Info, Abu Dhabi, United Arab Emirates, finance and economy briefs
Dec 29, 2011 (AME Info - McClatchy-Tribune Information Services via COMTEX) -- QATAR EXCHANGE THE ONLY GAINING ARAB MARKET IN 2011: The Qatar Exchange dipped 0.38 percent Thursday and ended the year of the Arab Spring with a tiny advance of one per cent, closing at 8,779.03 points. Qatar and the UAE were the only Arab states where no protests or civil unrest occured in 2011. In June 2012, global index provider MSCI will review again if Qatar is ripe for an upgrade to 'Emerging Market' from 'Frontier Market'. This move could trigger growing capital inflows from international fund managers to the Doha-based exchange.
DAMAS SHARES SURGE 15.71 percent, CLIMB ABOVE $0.20: The FTSE NASDAQ Dubai UAE 20 Index closed one per cent higher at 1374.39 today. DP World added 0.94 percent, while Depa Ltd. closed even. Jewelry trading company Damas International surged 15.71 percent to reach $0.221.
