The Dubai Financial Market (DFM) Index finished the week positively (up one percent at 1,520.20 points) on news that Dubai World's real estate developer Nakheel presented a debt restructuring plan to its creditors. Although details have not been released, one of Nakheel's contractors Arabtec reacted positively, finishing 6.36% higher at Dhs1.84. Shares listed at the Nasdaq Dubai posted losses, as DP World plummet 1.79% to $0.438 and Depa was down 4.05%, closing at $0.71. Some 90.146m shares changed hands at the DFM which finished its first trading week with the Nasdaq Dubai on a common trading platform. During the week, the DFM Index added 0.92%.
You might also like...
Waste energy projects find relevance
29 March 2024
Iraq signs five-year gas deal with Iran
29 March 2024
Iraq pushing forward with refinery project
29 March 2024
Samsung C&T to undertake Amiral cogen EPC
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.