AIM Round-Up: AIM Rises to 748.91 Points on Strong UK Retail Sales, US Dollar Uncertainties

Aug. 16, 2013 10:45AM PST

The Alternative Investment Market rose 2.1 points, or 0.28 percent, in London on Friday, reaching 748.91 points. The gain was primarily due to better-than-expected retail sales data in the United Kingdom.

The Alternative Investment Market (AIM) rose 2.1 points, or 0.28 percent, in London on Friday, reaching 748.91 points. The gain was primarily due to better-than-expected retail sales data in the United Kingdom. Additionally, investors have begun to avoid the US dollar due to uncertainty about when the Federal Reserve will begin tapering quantitative easing, according to Investing.com.

Amara Mining (AIM:AMA) increased 30.61 percent Friday to settle at GBP 16. The company has multiple gold projects in Africa and had a trading high of GBP 16.08 earlier in the session.

Arian Silver (AIM:AGQ), a silver exploration, development and production company that operates in Mexico, hit GBP 7.62 today. That amounts to a rise of 27.08 percent, or GBP 1.62.

In contrast, today Rare Earth Minerals (AIM:REM) dropped 13.87 percent, or GBP 0.02, to GBP 0.15. The company does not currently have any operational assets, but it recently confirmed that its property in Mexico has the potential for high-grade lithium, as per Interactive Investor.

quantitative easing aim:rem rare earth minerals