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Bears keep grip on Dubai market

A modest rebound at the opening triggered hopes that the crash at the Dubai Financial Market (DFM) might come to an end, but the DFM General lndex eventually opted for u-turn and closed 1.28 per cent lower at 3,044.18 points.

Emaar Malls was the top gainer. The operator of the world’s biggest shopping centre in relation to footfall Dubai Mall edged up by 5.70 per cent to hit AED2.60.

Bank Emirates NBD turned its luck around and finished up 4.91 per cent at AED6.41.

Deyaar recorded the biggest drop, ending off 9.86 per cent at AED0.585.

Eleven shares advanced, while 20 declined in value.

Gérard Al-Fil