Lifted by positive inputs from Asian markets and stabilising oil prices, the Dubai Financial Market (DFM) General Index closed 0.56% higher at 1,473.71 points. Construction and real estate shares, such as Emaar Properties (up 1.28% at Dhs3.16) or Arabtec (three percent higher at Dhs1.67) were demanded in particular, while insurers lost. The DFM itself added 2.82%, closing at Dhs1.46. as Dubai's local exchange announced today that its listed local public joint stock companies have recorded a 100% compliance regarding the disclosure of Q2-2010 results within the deadline of 45 days from the end of the period. DFM suspended trading of 7 foreign listed companies, which didn't disclose its quarterly results within the deadline. Among these firms are Kuwait's International Financial Advisors (IFA) and Bahrain-based Islamic bank Gulf Finance House (GFH).
You might also like...
Lunate acquires 40% stake in Adnoc Oil Pipelines
26 April 2024
Saudi Arabia's Rawabi Holding raises SR1.2bn in sukuk
26 April 2024
Iraq oil project reaches 70% completion
26 April 2024
Samana announces $272m Dubai Lake Views project
26 April 2024
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.