Dubai has seen a huge surge in share prices on its financial market, according to the findings of research published by Arabian Business today.
The survey - which examined the change in share prices of firms on the Dubai Financial Market and NASDAQ Dubai during the first quarter 2012 - reveals a number of spectacular gains.
Top of the pile is Tamweel, with the mortgage provider enjoying a 104 percent explosion in its share price.
Damas came a close second in the rankings after a 96.8 percent hike in its share price.
The list also shows the remarkable change in fortunes for real estate and construction firms. Arabtec is the fourth best performer following an 88 percent rise in its share price since the start of 2012, while Deyaar is up 96 percent and Emaar 20 percent.
* The share price change between January 1 and March 31 2012 was calculated for companies listed on the DFM and Nasdaq Dubai. Only companies based in Dubai were considered. All data taken from Bloomberg.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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