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Dubai market ends the week in the red

The DFM General Market opened Thursday slightly up but eventually dipped 0.18% to close at 1,624.94 points. Even Emaar's advance of 0.58% (at Dhs3.47) could not support the market which saw 64.2m shares worth Dhs112.9m being (off 13.5%) traded. Gulf General Investment Company, known as GGICO, posted the largest loss (down 5.58% at Dhs0.491). NASDAQ Dubai-listed DP World shares extended their rally, finishing 1.05% higher at $0.673. Earlier in the day, the maritime port operator announced that Chief Operating Officer Anil Wats sold 199,864 shares at a price of $0.64 on 9 January 2011. "Following this sale Anil Wats does not own any DP World shares", the statement to the NASDAQ Dubai says. Over the week the DFMGI dived 2.62%.