The Dubai stock exchange began with 8 companies floating their shares. The UAE stock exchange since the last two years had been affected by the financial meltdown since due to the threat of wars, the existing financial meltdown, economic recession and other disturbances the stock exchanged dipped phenomenally and the
Dubai Stock Market began to get competitive with NASDAQ in order to improve the market scenario. The recent figures of the UAE stock exchange are mentioned below in the graph and it shows the highs, the lows, the current position, the all time highs and lows and the graph shows the year wise general plus local index since 2007 till 2009 (AME Financial News, 2009).
|Date||February 15 – 2009||Closing||1495.75|
|YTD %||-11.57||Weekly %||3.2|
|Year High||1841.73||Year Low||1416.9|
|52 Weeks high||5089.45||52 Weeks low||1416.9|
|All Time High||6831.45||All Time Low||792.35
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