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Emaar retreats, Dubai market pushes ahead
- United Arab Emirates: Tuesday, March 12 - 2013 at 14:34
The DFM General Index gained 0.20% Tuesday, closing 0.46% higher at 1,938.91 points. Emaar fell 0.18% to Dhs5.64 after the char price chart touched the upper Bollinger band. Union Properties (UPP) lost the most, ending down 2.17% to Dhs0.405. UPP, builder of the DIFC's INDEX Tower and Dubai Motor City share are relatively cheap as the developer' price-to-book value stands at 0.61, according to data compiled by the Dubai bourse, which is lower than the sector's average at 0.68. Some 209m shares were traded valued at Dhs267m.
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Gérard Al-Fil, Financial JournalistTuesday, March 12 - 2013 at 14:34 UAE local time (GMT+4)
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