Wednesday was the day of the "penny-stocks" (or Fils-stocks) at the Dubai Financial Market (DFM). Shares of Islamic real estate builder Deyaar Development surged 13.68% at Dhs0.349. Following a weak opening, the DFM general index gained momentum and finished 0.59% higher at 1,551.19 points. Cooling specialist Tabreed followed with an advance of 7.94%, ending at Dhs0.367. Union Properties added 5.43%, closing at Dhs0.388. International Financial Advisors (IFA) was hit by profit booking, plummeting 9.80% at Dhs2.76. Trading volumes nearly doubled as 159.49m shares changed hands.
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