year-end rally

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Year-End Rally

A rise in stock prices that sometimes occurs on the trading days between Christmas and New Year's Day, occasionally extending into the first few trading days of January. Year-end rallies are thought to occur in anticipation of the January effect, which is a rise in demand for stocks resulting from the increased liquidity among investors who closed positions prior to the end of the year for tax purposes. A year-end rally is also called a Santa Claus rally.

year-end rally

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The Dubai index rose on Sunday, extending its year end rally to retest the keenly watched 4,000 level, led by Arabtec and Emaar Properties despite a declining crude oil prices.
Moreover, the week marks year end rally. Therefore, tug of war between bulls and bears seems certain but most probably un-eventful.
THE FTSE 100 closed up 127.62 points on Friday at 4561.79 continuing from the year end rally.