Dubai market quarrels with 1,900, Air Arabia near 3-year high
- United Arab Emirates: Monday, February 11 - 2013 at 16:02
The DFM General Index closed 0.13% lower at 1,897 Monday. Real estate and construction heavyweights Emaar and Arabtec, the most liquid shares, fell 0.20% and 1.33%, respectively. Sharjah-based budget carrier Air Arabia surged 3.33% to hit Dhs0.93, the highest level since May 5 2010. Shuaa Capital edged up 1.67% to reach Dhs0.61. On Monday, Shuaa said its net loss in 2012 shrank 80% year on year. The UAE's oldest investment bank plans to return to profits this year.
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