Trading The Dubai Financial Market General Index This Month

The Dubai stock market is currently trading at 3,225.78, up 2.37% for the year-to-date. The 52-week high was reached on 30 April 2015 at 4,253.28, and the 52-week low was reached on 21 January 2016 at 2,590.72. For the year-to-date however, the Dubai stock market has fared significantly better as oil price stabilization is starting to take shape. The high for 2016 was reached on 1 March 2016 at 3,301.72 and the low was reached on 21 January at 2,590.72. For investors looking for indications as to the future performance of the index, the data from the past 3 months is encouraging. As can be seen from the uptrend, we are clearly moving out of the red and into the black with the Dubai stock market.

Consistently positive performance over the past 2 months has generated a return of 2.37% for the index. The following data makes clear how bullish the Dubai stock market is looking for March 2016:

Consider this as an important fact: The Dubai stock market has either been declining or remained in the red since July 2015. This short-term bearish trend was finally broken at the end of January 2016 when the turnaround began. The following chart confirms the historic performance of the Dubai stock market.

Based on the recent performance of the index, it is fair to say that bullish sentiment is likely, provided that OPEC and non-OPEC nations have reached consensus on cutting oil production to stabilize prices. There are some other interesting metrics to point out from the Dubai stock market: