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Dubai market tests 1,500 points-level

The DFM General Index fell 1.18% to 1,507.61 points as stocks lost across all sectors. Investment bank Shuaa Capital added 0.10%, closing at Dhs0.958. Earlier in the day, Shuaa announced it is planning to seek shareholders approval on July 19 to change the composition of its board by allowing more nationals from the GCC countries, Bloomberg has reported. News that Drake and Scull International (down 0.52% at Dhs0.964) has won a Dhs100m mechanical, electrical and plumbing contract for a private residential facility in Doha could not lift its shares. Around 81m shares were traded valued at Dhs111.5m. Five stocks gained, 20 lost and two ended flat.