Dubai's equity index rises 10.6% this year

The success of Dubai’s diversification efforts once again came to the fore on Wednesday, as the emirate’s benchmark stock index marked year-to-date gains of 10.6 per cent, despite facing global headwinds and geopolitical uncertainty.

- Somshankar Bandyopadhyay [e-mail]

The DFM General Index registered its third consecutive monthly gain in June, rising by 4.1 per cent to close the month at 5,705.76 points. This increase lifted the index's gains to the second highest in the Gulf Cooperation Council after Kuwait, which has gained 14.8 this year and 4.2 per cent last month.