Dubai's latest megaproject? ("The Simpsons Movie")
1.2K
Three benchmark indices got a welcomed reprieve from selloffs, leading Arab markets in the 27th week of the year. The Dubai Financial Market — home of the Arabtec scandal that triggered a pummelling of markets over the previous weeks — saw its benchmark index advance 4.2 percent amid trading volumes of more than 1 billion shares in three sessions, far above its 50-day average. On the Qatar Exchange, the index gain was even higher at 4.7 percent and in Abu Dhabi, the uptrend was 2.3 percent. Both exchanges saw higher volumes on the first three days of July when compared with daily volumes in the previous two weeks. Other markets in the Middle East and North Africa displayed index fluctuations of lesser intensity but with a preponderance of gains; the only drops, at 0.3, 0.5 and 0.5 percent, were registered in Bahrain, Beirut and Morocco. Shopping for confidence Dubai closed the week marginally
