Dubai market shaves key resistance, Emaar slips
- United Arab Emirates: Thursday, January 10 - 2013 at 14:11
The DFM General Index gained 0.63% to reach 1756.22 points, breaking through the old resistance level from March 2012 and Oct. 2010. Market bellwether Emaar Properties fell 0.24% to Dhs4.13. Earlier in the day, the DFM revealed that in 2012, the real estate and construction sector stood for 48% of the distribution of traded value at the market. Amid ongoing solid trading turnover, shares of the DFM, the only Arab market listed to the public, surged 3.60%, finishing at Dhs1.15. Some 566m shares were traded, valued at Dhs671.6m.
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