The benchmark DFM index rallied on Wednesday following five days of relentless decline and heavy sell-offs that saw it diving to a six-week low.
The measure, which had shed 12.6 per cent in five previous trading sessions, bounced back in its largest single-day gain since mid-September with a 4.18 per cent surge to close at 4,850.49. The rally was driven by 27 stocks, mostly property-related.
With the latest rally, the DFM index, the world's best performing measure in 2013, is now up 43.9 per cent this year and has trebled since the start of 2013.
"It seems the so-called corrections were short-lived as investors continued to have more appetite to buy," said an analyst.
Analysts expect the
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