Complex Made Simple

Dubai market fails to attract investors

With only 48.1m shares worth Dhs68.02m changing hands, the DFM saw its lead index DFMGI declining by 0.41% on Monday, closing at 1,658.69. Emaar Properties was the most liquid share and dipped 0.57% to end at Dhs3.51. Shares of Shuaa Capital gained at the opening but eventually ended flat at Dhs1.27. Shuaa-CEO Samir Al-Ansari said yesterday the Dubai-based investment bank sees return to strong growth in 2011, Gulf News reported. Trading volumes weakened 48% while the value of trading shares remained almost stable. Nasdaq Dubai-listed DP World rebounded by 1.56% to reach $0.65.