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UAE bourses ship 1.5%

United Arab Emirates: Saturday, October 21 - 2006 at 08:01

It was a steady final week's trading in the UAE's stock markets prior to the Eid holidays, reported Gulf News. The bourses shed 1.5% of their market capitalisation last week as the grand total dropped to $158.8bn but analysts anticipate a post-holiday recovery. The Dubai Financial Market closed a shade under 429 points, while the Abu Dhabi Securities Market finished the week at 3,455.3 points.

Jonathan Sheikh-Miller Jonathan Sheikh-Miller, Deputy Editor
Saturday, October 21 - 2006 at 08:01 UAE local time (GMT+4)

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This Article was updated on Sunday, October 22 - 2006

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