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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
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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