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Shaky start at Dubai bourse as trading value surges

The Dubai Financial Market (DFM) failed to reap benefits from positive Saudi market inputs and oil prices approaching $80 per barrel. Losing 1.44%, the DFM Index closed at 1,506.95 points. Emaar Properties lost 3.56%, closing at Dhs3.25. Gulf Finance House from Bahrain bucked the downtrend by adding 4.12% as its shares ended at Dhs0.479. Five shares gained, 18 declined and four remained flat. Traded value surged 74% to Dhs230.65m, while volumes advanced by 18% to 122.15m stocks changed hands.