Dubai Financial Market Index Rises 1.20% with Strong 12-Month Gains; Future Decline Forecasted
Dubai Financial Market Index rose 1.20% to 5,907; up 21.7% in 12 months, but forecasts predict declines to 5,548 within a year.
The Dubai Financial Market (DFM) General Index traded at 5,907 points on Wednesday, December 3, recording a rise of 70 points or 1.20% compared to the previous session, according to Trading Economics. Looking back, the index has increased by 1.76% over the past four weeks and achieved a strong 21.70% gain over the past twelve months. Regarding future outlook, global macroeconomic models and analyst estimates from Trading Economics indicate that the DFM Index may decline to 5,763 points by the end of the current quarter and further to 5,548 points within a year.
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