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Dubai stock exchange closes unchanged

The DFM General Index rose in the early hours of trading on Thursday but eventually lost momentum and closed even at 1,600.98 points. Emaar shares outperformed and added another 0.31% to close at Dhs3.23. Investors booked profits at Shuaa Capital (off 1.92% at Dhs1.02) and Emirates NBD (down 1.73% at Dhs4.55). Islamic home financing company Tamweel dipped 1.33% to Dhs0.961. Earlier in the day, Bloomberg has reported that Tamweel will be included in the DFM General Index and the banking sub-index from July 3 Tamweel shares restarted trading on May 10 after being halted for almost two years pending its reorganisation. Twelve shares gained, 15 lost and three closed even. Around 192.86m stocks changed hands, valued at Dhs265.6m.