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Dubai bourse ends sticky week with a small day-gain
- United Arab Emirates: Thursday, September 27 - 2012 at 13:48
The DFM General Index added 042% higher at 1,569.60 after Asian markets rebounded on a new China stimulus package for the Middle Kingdom's money market. Emaar closed even at Dhs3.48. As the fourth quarter starts next week, many investors preferred to abstain from trading a 84m shares worth Dhs109m changed hands. Bank Emirates NBD fell 0.70% to Dhs2.98. A newly implemented limitation of the UAE Central Bank for lenders holding shares at government-related entities weighed on the UAE's first universal bank. Over the week, whose headlines were dominated by new woes over Euro zone's indebted member states Spain and Greece, the DFM lost 2.25% but with a plus of 15.67% the gauge remains the GCC's top performing market measure.
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Gérard Al-Fil, Financial JournalistThursday, September 27 - 2012 at 13:48 UAE local time (GMT+4)
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