Dubai market declines 1.59%

08 August 2010

Losses at real estate and financial firms dragged the DFM index down by 1.59% to 1,493.60 points. Emaar Properties (down 2.43% at Dhs3.21) and Arabtec (3.43% lower at at Dhs1.69) were top value losers. DFM shares weakened by two percent to Dhs1.45. International Financial Advisors (IFA) surged 14.9%, closing at Dhs0.931. Traded value went up 58% to Dhs88.5m as 88.5m shares changed hands, 21% more than last Thursday.

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