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Dubai market rebounds by 1%
- United Arab Emirates: Tuesday, September 29 - 2009 at 16:49
The Dubai Financial Market (DFM) rose above 2,180 points in the opening but failed to sustain its advances. The DFM Index eventually closed 1.01% higher at 2,162.20 points. Banks led today's market advances. Investment bank Shuaa Capital posted the largest advance (up 5.15%), closing at Dhs2.04. Commercial Bank of Dubai (CBD) followed with a profit of 4.80% (ending at Dhs3.93). Emirates NBD, the largest lender in the Middle East in relation to assets, failed to jump on the bandwagon and lost 0.23%, finishing at Dhs4.35.
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Gérard Al-Fil, Financial JournalistTuesday, September 29 - 2009 at 16:49 UAE local time (GMT+4)
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