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Emaar bucks sluggish Dubai market trend
- United Arab Emirates: Monday, September 24 - 2012 at 15:53
The DFM General Index remained under presure Monday amid negative input from Europe, as France and Germany have different views on when to introduce a banking union un the Euro zone. The DFMGI fell 0.30% to 1,588.14 points. Market bellwether Emaar added 0.60% to hit Dhs3.56 on news that the GCC's largest developer witnesses bullish sales in its newly launched projects, especialy in Downtown Dubai. Financials weighed on the gauge, such as bank Emirates NBD (off one percent) and Tamweel (1.54% lower). Trading volumes remained low, as some 80m shares worth Dhs88m changed hands.
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Gérard Al-Fil, Financial JournalistMonday, September 24 - 2012 at 15:53 UAE local time (GMT+4)
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