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Mashreqbank, Union Properties rise up, up and away

The DFM General Index started in volatile trading into the last full trading week of Sept. and closed 0.60% higher at 2,681.47 points. Mashreqbank, which raised the share of foreign investors in its capital to 20% last Thursday gained for the second session straight by 15% (limit up), closing at Dhs76.70. Union Properties rose to Dhs0.912 (up 12.04%), a first since Nov. 24 2009. Market bellwether Emaar fell 1.88% to Dhs5.75. Islamic property firm Deyaar Development was the most liquid share, finishing 5.73% higher at Dhs0.701. Twenty shares advanced, while 10 declined. 824m shares were traded valued at Dhs763m.