Complex Made Simple

Dubai market adds 0.28%

The DFM General Index closed at 1,627.97 Wednesday, up 0.28%, despite two times more share finishing lower than those adding value. Bank Emirates NBD posted the largest profit as it closed 2.08% higher to reach Dhs2.94. Earlier in the day ENBD announced the launch of a co-operation with London-based The Fine Art Fund Group in order to spur its Private Banking unit. Emaar Properties closed flat at Dhs3.41. According to Deutsche Bank's research, 2011 will be another challenging year for MENA Real Estate, with Egypt being the only noticeable exception. Some 71.5m shares (down 19%) worth Dhs112.92m changed hands.