DFM shares plummet as market turnover declines
- United Arab Emirates: Wednesday, October 31 - 2012 at 16:03
The Dubai market measure DFMGI fell 0.17% Wednesday, ending at 1,619.61 points. Shares of the DFM, which is the only Arab market publicly quoted at an exchange, dived 2.90% to hit Dhs1.01. Trading volumes declined signiifcantly in recent weeks amid warnings by the IMF of a new global downturn and due to Eid holidays in the Middle East. Gains at Ajmanbank (up 6.73%) and Arabtec Construction (2.40% higher) failed to mitigate losses at bellwether share Emaar Properties (off 1.10%). Some 108m shares worth Dhs125m changed hands.
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