Next Door to One of World's Top Stock Gauges Is One of the Worst
- Abu Dhabi’s gauge gains 13% this year, while Dubai’s falls 20%
- Biggest bank in the U.A.E. boosts performance in the capital
This article is for subscribers only.
The fates of the main stock gauges at the United Arab Emirates biggest exchanges -- a mere 90 miles apart -- are set to diverge this year for the first time on record.
Abu Dhabi’s ADX General Index has climbed almost 13 percent this year, putting it among the world’s best performers. Headed in the opposite direction, Dubai’s main gauge has slumped 20 percent and is set for its worst annual performance in a decade.