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DFM and ADX markets close positive
- United Arab Emirates: Monday, November 17 - 2008 at 15:46
Both the Dubai Finance Market and Abu Dhabi Securities Exchanges closed in positive territory today, following their recent losses. The DFM closed at 2,142.85, up 8.15%, while the ADX ended the trading day at 2,846.68, a 3.3% increase. Both UAE markets have suffered heavy losses over the past few months, with the DFM down 63% and ADX down 37% year to date. On the DFM, Emaar did manage to reverse its losses today, climbing 14.98% to Dhs3.3, after yesterdays drop of 9.75%. In a positive day, shares for Du, Dubai Islamic Bank, Amlak and Tamweel also rose by almost 15%.
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Rob Jones, Editorial DirectorMonday, November 17 - 2008 at 15:46 UAE local time (GMT+4)
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