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Air Arabia, DFM shares fly high at Dubai bourse
- United Arab Emirates: Tuesday, May 07 - 2013 at 13:58
The DFM General Index ended a rollercoaster Tuesday unchanged at 2,149.73 points. Air Arabia surged 4.10% to reach Dhs1.04. Earlier in the day, Air Arabia CEO Adel Ali told AMEinfo.com at the ongoing, 20th Arabian Travel Market that the Sharjah-based budget carrier had been back to "pre-revolutionary" seat factors on its routes to those countries that were affected by the Arab Spring. "Routes are like children, you have to love them all." He added that Air Arabia had no plan to change its Airbus A320-fleet. Mashreqbank lost the most (off 7.41% to Dhs45). Emaar slipped 0.91% to Dhs5.45. Some 535m shares were traded, valued at Dhs630m. Due to the constant solid trading turnover, DFM, the only Arab bourse listed on an exchange, was the most liquid stock, finishing 3.88% higher at Dhs1.34.
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Gérard Al-Fil, Financial JournalistTuesday, May 07 - 2013 at 13:58 UAE local time (GMT+4)
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