Dubai bourse rebounds 0.56%

01 July 2010

Investors saw an encouraging start into the second half of 2010 as the DFM Index gained 0.56%, closing at 1,469.98 points. Global Investment House from Kuwait led the list of the winnin shares, jumping 8.33% higher at Dhs1.30. Other strong financials were Bank Emirates NBD (up 2.06% at Dhs2.48) and the DFM itself (advancing 1.40% atDhs1.45). Shuaa Capital ended flat at Dhs1.05. The Dubai-based investment bank informed the DFM today that its private equity Shuaa Partners Fund 1 has agreed a share purchase for the sale of its ca. 22% in Rotana Hotel Management Corp. which goes back to the year 2006. The offer was made to an existing Rotana Hotel Corp. shareholder. Traded value declined at the DFM by 45% to Dhs146.01m , while volumes plummeted by 61% to around 123.277m shares changing hands.

A MEED Subscription...

Subscribe or upgrade your current 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.

Get Notifications