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Tuesday, November 10 - 2009

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.

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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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