Dubai bourse gains 0.94%

13 June 2010

Boosted by a rising confidence among business leaders, the Dubai Financial Market (DFM) closed 0.94% higher at 1,528.40 points on Sunday. Shares of Kuwait-based Hits Telecom posted the largest gain (up 5.06% at Dhs0.83). Construction giant Arabtec advanced 2.07%, finishing at Dhs1.97. According to a survey done by consultant firm Deloitte, almost 70% of the Middle East's CFOs are more positive about their prospects than six months ago, Business 24-7 reports. Deyaar Development failed to benefit from the general positive mood at the DFM and declined by 2.73% to Dhs0.321. Fifteen shares gained, 8 lost value and three remained flat.

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