Dubai bourse enters Eid week with a loss
- United Arab Emirates: Sunday, October 21 - 2012 at 13:59
Following index losses in New York and Riyadh on Friday and Saturday, respectively, amid disappointing quarterly results, the DFM General Index fell 0.30% to 1,649.69 points Sunday. Emaar Properties, as the most liquid stock traded, closed off 0.80% to hit Dhs3.70. The DFM bellwether has been trading in a range between Dhs3.70 and Dhs3.80 for the last two weeks. Telecom operator du gained the most, ending up 1.34% at Dhs3.79. The DFM, the only Arab market listed, ended even at Dhs1.08. Earlier in the day, DFM announced it has signed an agreement with Dubai eGovernment which will enable market participants to pay the exchange's fees electronically through the Dubai eGovernment Portal. The project is planned to be fully operational by the second half of 2013.
- Saudia to stop Jeddah-Kano service
- Oman Air first GCC carrier to order B737-900ER...
- Iran cancels local drilling rigs deal, to buy...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.