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Dubai market gains the fourth day straight
- United Arab Emirates: Monday, May 13 - 2013 at 13:55
Despite mixed input from East Asian exchanges, the DFM General Index gained 0.50% Monday, closing at 2,195 points. Dubai Islamic Bank was the most liquid share, closing up 2.44% at Dhs2.94, while Commercial Bank of Dubai advanced the most (up 14.29% at Dhs4.00). Deyaar Development dived 1% to Dhs0.407. Earlier in the day, the Islamic real estate firm announced an exclusive three day sales event for showcasing its diverse property portfolio. The sales event will be held at the Dusit Thani Hotel from May 14 - 16 May and will allow potential customers "to avail of special limited time offers on commercial and residential real estate covering prime areas of Dubai including Business Bay, Dubai Silicon Oasis (DSO) and International Media Production Zone (IMPZ)," said Deyaar. Trading volumes fell by 50% compared to Sunday as 323m shares were traded, valued at Dhs447m.
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Gérard Al-Fil, Financial JournalistMonday, May 13 - 2013 at 13:55 UAE local time (GMT+4)
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