UAE stocks rise after PMI signals solid August growth
UAE shares rose on Friday after a business survey showed the non-oil private sector expanded at a solid pace in August. Stronger output and new business growth drove the move; S&P Global UAE PMI rose to 55.3.
By Mohd EdreesStock markets in the United Arab Emirates rose on Friday after a business survey showed the country's non-oil private sector expanded at a solid pace in August, driven by stronger output and new business growth.The S&P Global UAE Purchasing Managers' Index (PMI) rose to 55.3 in Augus…