• HSBC

Profit gaining slows Dubai market down

  • United Arab Emirates: Thursday, November 06 - 2008 at 09:44

The Dubai Financial Market index continued to rise up to 2% during trading with support from Emirates NBD, Emaar and DIB, but faced profit gaining pressure prior to its closing time pushing it to close slightly up at only 2,917 points.

Emaar already fell by 0.56% after rising to Dhs5.51, while DIB declined by 1.2% to Dhs4.05, but Emirates NBD managed to close up by 0.85%.

Tabreed already announced that its first nine months profit rose by only 2% while the Q3 profits rose to Dhs24.4m.
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