From the following Table and Chart explain how the Dubai Financial Market General Index (DFMGI) movement during the period May 29, 2021- Nov 24, 2021?
From the following Table and Chart explain how the Dubai Financial Market General Index (DFMGI) movement during the period May 29, 2021- Nov 24, 2021?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.2MBA
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Question
From the following Table and Chart explain how the Dubai Financial Market General Index (DFMGI) movement during the period May 29, 2021- Nov 24, 2021? And identify any risks faced by investors investing in stocks in UAE financial market?
![Previous Index
High (Date)
Low (Date)
Current Index
Change
Change (%)
2,816.46
3,300.97 (11/17/2021)
2,736.65 (07/28/2021)
3,186.13
369.67
a 13.13
Zoom 1d
lw 1m 3m 6m All
From May 29, 2021 To Nov 24, 2021
3,200
3,000
2.600
7. Jun
21. Jun
5. Jul
2. Aug
16. Aug
30. Aug
13. Sep
27. Sep
11. Oct
25. Oct
8. Nov
22. Nov
Jun-2+
Aug 21
Sep 21
Oct '21
Nov '21
Closing Price
2018
Closing Price
2019
Closing Price
Closing Price
2017
2020
3,370.07
2,529.75
2,764.86
2,491.97
Price Rate](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F401329e4-0d7c-4ca0-a8ba-dc2790048f88%2Fb7e1a8cb-86a5-4496-a62c-2c3623f83b33%2Fyq9w3u_processed.png&w=3840&q=75)
Transcribed Image Text:Previous Index
High (Date)
Low (Date)
Current Index
Change
Change (%)
2,816.46
3,300.97 (11/17/2021)
2,736.65 (07/28/2021)
3,186.13
369.67
a 13.13
Zoom 1d
lw 1m 3m 6m All
From May 29, 2021 To Nov 24, 2021
3,200
3,000
2.600
7. Jun
21. Jun
5. Jul
2. Aug
16. Aug
30. Aug
13. Sep
27. Sep
11. Oct
25. Oct
8. Nov
22. Nov
Jun-2+
Aug 21
Sep 21
Oct '21
Nov '21
Closing Price
2018
Closing Price
2019
Closing Price
Closing Price
2017
2020
3,370.07
2,529.75
2,764.86
2,491.97
Price Rate
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