Dubai's main stock index jumped 3 percent on Thursday to its highest close since October 2008 as major Middle Eastern bourses started 2014 on a strong note, buoyed by expectations for solid economic growth this year.
Index compiler FTSE expects to create a regional index for the Gulf by the end of the year, helping broad international investment in the region's stock markets, a senior manager said.
FTSE Group's managing director for Europe, the Middle
Global index provider Standard & Poor's has launched a new index for some of the biggest-name stocks in developing equity markets.
The London-based firm described the newly launched S&P/IFCG Extended Frontier 150 Index as "the firs