" /> " /> " />

Deyaar tops at resilient Dubai market

23 June 2010

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.

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.