UAE Stocks Climb on Fed Decision

UAE Stocks Climb on Fed Decision

UAE Stocks Climb on Fed Decision

UAE stocks climbed, tracking global equities, after US Federal Reserve surprised investors with its decision not to start unwinding its monetary stimulus programme. The DFM General Index jumped 2.18 per cent to 2666.14 and the Abu Dhabi stock measure was up 1.16 per cent to 3812.09.
Elsewhere in the Gulf, all indices closed higher, though relatively less than the UAE. Saudi Arabia’s Tadawul index climbed 0.33 per cent, Qatar rose 0.38 per cent, Kuwait 0.49 per cent, Oman 0.320 per cent and Bahrain advanced 0.50 per cent.

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