Dubai Financial Market ends with a last-minute advance

17 June 2010

The local stock market DFM avoided another day of index losses by rebounding during the last hour of trading on Thursday, closing 0.83% higher at 1,500.25 points. Buying interest was mainly seen in the financial sector, with Dubai Islamic Bank (DIB) rising by 1.50% to Dhs2.03. Shares of the DFM itself ended flat at Dhs1.49 on a high turnover. Turnover and volumes advanced both by a third, as investors started bargain hunting ahead of the earnings season for the second quarter.

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