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Dubai market advances on a technical rebound
- United Arab Emirates: Tuesday, November 20 - 2012 at 14:02
The oversold Dubai exchange DFM, which hit a seven-week los yesterday, gained Tuesday 0.78% to hit 1,591.40, as market bellwether Emaar closed 2.24% higher at Dhs3.65. Kuwait's telecom provider Hitstelec gained the most (up 10.14% at Dhs0.815). In the third quarter, Hitstelec posted a loss attributable to the shareholders of KD380,786, down from a profit of 104,100 in the same period last year. Investment bank Shuaa Capital fell 1.75% to Dhs0.56. Some 115m shares were traded, valued at Dhs114.2m.
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Gérard Al-Fil, Financial JournalistTuesday, November 20 - 2012 at 14:02 UAE local time (GMT+4)
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