Investor sentiment showing signs of improvement
(11/4/2018 9:14:00 AM)
The Dubai Financial Market General Index (DFMGI) was up by 68.82 or 2.51 per cent last week to close at 2,805.22. That’s the strongest performance in 11 weeks. There were 22 advancing issues and 14 declining, while volume dipped to a nine-week low.
Although there is still a way to go, the DFMGI did show some promising early signs of reversing off the bottom. Moreover, support at last month’s low of 2,706.05 has continued to hold. There are now several items to keep an eye on heading into the next one to several weeks.