Dubai Financial Market witnessed a state of volatility in early trading on Wednesday, with a tendency to rise in the middle of the market's attempts to correct after the big downturn in the previous two sessions over the impact of the sharp drop of crude oil.
Initiated the Dubai Financial Market Index early dealings on the rise by 1.4% to reach the level of 3893.4 points, trading at 211.6 million dirhams.
And hauled Dubai Parks- share Aljdid- newcomer in its first session on about 18% of the liquidity and down by 13.5% at 0.865 dirhams.
Crude oil prices continued to fall today with strong Iranian expectations of lower prices to $ 40 a barrel, and promptly at 08:11 GMT, down crude December delivery increased by 1.68% to record levels of trading around $ 62.75 a barrel.
It is expected that the Dubai Financial Market index case of volatility with a tendency to decline if crude oil prices continued to fall, and in the absence of a clear vision of the UAE investors and their reluctance to risk, which has caused a significant drop in volumes.
Initiated the Dubai Financial Market Index early dealings on the rise by 1.4% to reach the level of 3893.4 points, trading at 211.6 million dirhams.
And hauled Dubai Parks- share Aljdid- newcomer in its first session on about 18% of the liquidity and down by 13.5% at 0.865 dirhams.
Crude oil prices continued to fall today with strong Iranian expectations of lower prices to $ 40 a barrel, and promptly at 08:11 GMT, down crude December delivery increased by 1.68% to record levels of trading around $ 62.75 a barrel.
It is expected that the Dubai Financial Market index case of volatility with a tendency to decline if crude oil prices continued to fall, and in the absence of a clear vision of the UAE investors and their reluctance to risk, which has caused a significant drop in volumes.
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