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Buyoant Dubai market bucks sluggish global trend

The DFM General Index consolidated above 1,500 by gaining 1.02% to reach 1,504.70 points Thursday, ending the week at a one-month high amid an improved indicators at the real estate market and a stable business climate in the emirate of Dubai. As trading volumes edged higher at the start of July, shares of the DFM, the only Arab bourse to be listed, gained 1.53% to reach Dhs0.995. Emaar closed 1.65% higher to hit Dhs3.08, a four-week high. Investment bank Shuaa Capital lost the most, finishing off 1.52% at Dhs0.65. Twenty-three shares advanced, while two declined and one ended flat. Around 80m stocks were traded, valued at Dhs100.7m.