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Dubai shares advance
- United Arab Emirates: Wednesday, January 30 - 2008 at 14:45
Dubai stocks rose after Dubai Investments PJSC reported a 52 per cent increase in earnings. Saudi Arabian shares also advanced, reported Bloomberg. The Dubai Financial Market General Index gained 0.8 percent to 5,494.20, while the Kuwait Stock Exchange Index increased 0.6 percent to 13,416.50. Saudi Arabia's Tadawul All Share Index added 1.7 percent to 9,545.13. Dubai Investments jumped 7.5 per cent to 5.59 dirhams. The company, which owns stakes in more than 40 companies, said annual net income surged to $408.5m.
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Amena Bakr, Senior ReporterWednesday, January 30 - 2008 at 14:45 UAE local time (GMT+4)
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