DUBAI: Insurance stocks traded in Dubai are proving a haven in an unforgiving market as investors increase their bets on mergers and acquisitions in the industry after recent reforms.
Just six of the 37 members of the emirate’s benchmark equities index have gained this year, and four of those are insurers. They have all advanced by at least 4.9%, while the DFM General Index has slumped 18%, under pressure from weak real-estate developers.
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