The hottest market nobody is watching – the Dubai Financial Market
- Published on Thursday, 21 February 2013 19:27
- 1 Comment
One market that has been out of the spotlight is the Dubai Financial Market (DFM). Since the beginning of the year, the DFM index has gained 22%… in dollar terms (note: the UAE dirham is pegged to the dollar). See the chart below for a visual comparison of the DFM versus other indexes.
Source: S&P Dow Jones Indices The Middle East and emerging markets have been flat since the beginning of the year. Another exception in the region, however, is Dubai’s neighbor Abu Dhabi, the ADX is up over 14% for the year. Qatar on the other hand is up just over 5%.