Complex Made Simple

Dubai market boosted by G8, China declarations

The Dubai Financial Market General Index (DFMGI) gained 1.50% Monday to reach 1,488.09 amid higher trading volumes. The G8's (verbal)commitment to Greece's remaining in the Eurozone along with China' premier Wen Jiabao's statement to ease monetary policy in the Middle Kingdom helped the Dubai bourse to recover territory. Emaar soared 2.43% to hit Dhs2.95. The DFM, as the only listed Arab exchange, added 1.78% to reach Dhs0.972. Bank Emirates NBD was the sole losing share (off 0.73% at Dhs2.72). Some 135n shares were traded, valued at Dhs153m.