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Last-minute swing lifts Dubai market into the green

The DFM General Index finished up 0.29% at 1,522.97 points, thanks to block buying during the last minutes of trading. The DFM shares recovered some of the heavy losses from last week by closing 1.72% higher at Dhs1.18. Dubai Islamic Bank, known as DIB ended flat at Dhs2.05. Earlier in the day, DIB unveiled Prudential Shariah Opportunities - Asia Pacific Equity Fund. The Fund is offered by Prudential Asset Management Limited, based at DIFC. The Fund will seek to invest in Sharia-compliant companies in the APAC region, excluding Japan. Benchmarked against the Dow Jones Islamic Market Asia Pacific ex-Japan Index, participation in the Fund allows investors to gain exposure across a range of growth countries and industries through a single platform. Eight stocks gained, 15 declined and three closed even. Around 83.17m shares changed hands, valued at Dhs111.84m.