Lackluster Dubai bourse closes Tuesday trading flat
- United Arab Emirates: Tuesday, October 30 - 2012 at 14:01
Despite market bellwether Emaar Properties' rebound by 0.83% to Dhs3.65, the Dubai market measure DFM General Index failed to regain territory, closing even at 1,622.35. Losses at DFM shares (off 0.95% at Dhs1.04), Tamweel (down 1.56% at Dhs1.26) and Union Properties (2.20% lower at Dhs0.402). Turnover at Dubai's local bourse remained dull as Hurrican Sandy forced the U. S. to shut stock markets for Monday, Tuesday and because most GCC traders are still on their Eid vacation. The Saudi market Tadawul also remains closed because of Eid holidays and the annual pilgrimage days. Riyadh will resume trading on Saturday, November 3.
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