(MENAFN- Emirates News Agency (WAM))
ABU DHABI, 23rd March, 2017 (WAM) -- The UAE's first Wealth Sentiment Index, launched by First Gulf Bank, rose by 0.4 percent to 1,024.61 in March from 1,020.52 in February this year, reflecting an increase in business optimism levels across the country.
The index serves as an indicator of the overall sentiment of the market based on fundamental and economic factors. The March Index reflects positive business deliverables achieved on the ground as a result of the state of stability enjoyed by global oil prices in March, a growing influx of tourists to the country, and high stock market records.
WAM/Hatem/NOS
MENAFN2303201700610000ID1095338969
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.