Complex Made Simple

Dubai market does one step back, and 1.5 forward

A last-minute swing lifted the Dubai stock market index DFMGI into the green, as the gauge closed 0.10 per cent higher at 4,855.73 points on Wednesday, August 20, amid thin trading volumes.

The construction giant Arabtec and the Dubai’s two biggest developers, Emaar and Union Properties, closed unchanged. Shares from the ‘second row’ helped the market stay afloat. Al Salam Sudan gained the most, closing 15 per cent (limit up) higher at AED3.07. Logistics firm Aramex added 1.59 per cent to reach AED3.20. Gulf Navigation lost the most, finishing off by 1.50 per cent to AED0.66

Gérard Al-Fil