Dubai bourse consolidates above 1,500 points-level

19 July 2010

The Dubai Financial Market (DFM), the Sheikhdom's local stock market, turned a negative opening into formidable trading session, ending 0.71% higher at 1,518.28 points. Banks and real estate firms were the spearhead of the rebound. Emirates NBD shares jumped 3.69% to Dhs2.53 while Shuaa Capital added 2.86%, closing at Dhs1.08. Real estate contractor Drake and Scull International (DSI, up 0.85% at Dhs0.827) gained slightly. DOHALAND today announced that they have awarded an Dhs182m design and build contract for two district cooling plants in its flagship Musheireb project to the DSI subsidiary Drake & Scull Water and Power. Global container port operator DP World from Dubai posted the largest gain, finishing 6,71% higher at $0.445. Traded value surged 46% to Dhs127.36m as around 67.69m shares changed hands.

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