Bloomberg News

Dubai Stock Index Gains 21% From January Low; Enters Bull Market

February 20, 2012

Feb. 20 (Bloomberg) -- Dubai stocks rose to their highest level from a low in January, entering a so-called bull market.

The Dubai Financial Market General Index rose 0.4 percent to 1578.41 at 10:19 a.m. in Dubai. The gauge is up 21 percent from its low on Jan. 16.

A 20 percent rally or more from lows is generally defined as a bull-market rally.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

To contact the editor responsible for this story: Daliah Merzaban at dmerzaban@bloomberg.net


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