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Asian input helps Dubai market to re-gain territory

The DFM General Index broke a frustrating losing streak Tuesday, closing 0.90% higher at 1,449.80 points. East Asian indexes rebounded on hopes global policy makers would follow Australia's Reserve Bank in taking measures to stimulate markets, Bloomberg reported. Bahrain's Gulf Finance House or GFH gained the most (up 4.55% at Dhs0.551). Earlier in the day, the Islamic investment bank said a high-level Turkish delegation visited GFH's "Tunis Financial Harbour", which is under construction, in order strengthen a strategic co-operation. The UAE's first real estate developer Emaar Properties, as the most liquid share, added 2.54% to hit Dhs2.83. Seventeen shares gained, four declined and four closed flat. Some 89.3m shares were traded, valued at Dhs89.9m.