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UAE: Stocks Soar As OPEC+ Extend Oil Cuts Deal
June 7th, 2020 - 10:00 GMT

UAE: Stocks Soar As OPEC+ Extend Oil Cuts Deal

The UAE shares jumped at the opening of the market on Sunday, led by property and banking stocks. Dubai Financial Market and Abu Dhabi Securities Exchange gained 1.5 percent and one per cent, respectively, within 15 minutes of opening the trade. The reopening of the economy's different sectors after the lockdown, improvement in recoveries of coronavirus cases and Opec+ agreement to extend production cut till July helped the local equity ...
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