Complex Made Simple

Bargain hunters send Dubai market higher

The tiny relief-rally at Western markets yesterday had a positive impact on the DFM General Index on Thursday, which ended up half a percent at 1,465.01 points. Emaar (up 0.72% at Dhs2.78), the DFM (gaining 2.68% at Dhs1.15) and Arabtec Construction (2.68% higher at Dhs1.15) were the most liquid shares. Emaar's rivals Union Properties (down 0.53% at Dhs0.373) and Deyaar Development (off 0.37% at Dhs0.266) failed to benefit from the tiny upswing. During the fourth week of August, the DFM lost around 11 points. Some 53m shares were traded, valued at Dhs70.2m.