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Dubai market hits 2009 high
- United Arab Emirates: Monday, October 05 - 2009 at 17:08
The Dubai Financial Market climbed to a 2009 high today as the chairman of the emirate's Supreme Fiscal Committee said the emirate is 'confident' of repaying its debt this year. The DFM rose 2.02% to close on 2,236, led by market heavyweights Emaar and Arabtec, which rose 2.72% and 4.18% respectively. Dubai Islamic Bank gained 1.94% to dhs3.15 after disclosing that it isn't owed money by either Saad or Algosaibi groups. Gulf Finance House had the day's biggest loss, down 9.97%, to close on Dhs3.07.
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StaffMonday, October 05 - 2009 at 17:08 UAE local time (GMT+4)
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