Dubai market declines 0.68%, Shuaa bucks downtrend

14 October 2010

The DFM ended the second week of October with a small loss at 1,746.71 points. Heavyeights Emaar Properties (down 1.50% at Dhs3.94) and the DFM share itself (off 1.09% at Dhs1.82) weighed on the index. Traded value declined six percent to Dhs336.96m and 202.5m shares changed hands. Nevertheless the improved sentiment which started in September raised prospects for investment banks like Shuaa Capital whose shares gained 4.35% to finish at Dhs1.20. Shuaa shares surged 23.66% during the last month.

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