DFM Ranked 1st Among GCC Markets, EGX Outperforms In MENA

UAE stock markets outperformed GCC peers in 2012, as Dubai Financial Market General Index (DFMGI) and Abu Dhabi Index (ADI) leapt by 19.9% and 9.52% respectively. Saudi Stock Exchange (Tadawul) came third, gaining nearly 6%, according to Al-Khaleej daily.

Most economic sectors in Dubai showed positive performance especially real estate and tourism, which mirrors the UAE’s strong economy. Analysts agreed that confidence was restored in local capital markets, particularly DFM, in 2012.

The Egyptian Exchange (EGX) came on top of Arabian bourses in 2012, as EGX 30 added 50.8%. Casablanca Stock Exchange was the worst performer with a loss of 15%. It was followed by Bahrain Stock Exchange with a drop of 6.8%.