Complex Made Simple

Dubai Financial Market rises to 1,550 points

The DFM General Index added 0.18% Thursday, closing at 1,550.62 points. A lack of catalysts led to a negative advance-decline ratio of 9 to 10. In addition, EFG Hermes said in its daily short-term update that short-term traders shall preferably take some profits. Emaar Properties and Drake & Scull International were the most liquid shares and ended flat. Investment bank Shuaa Capital jumped 2.70% to hit Dhs0.646. Some 100.5m shares were traded, valued at Dhs128m.