Dubai market falls, rises and falls again

30 November 2010

The DFM General Index ended a rollercoaster Tuesday 0.36% lower to close at 1,668.82 points as some 83m stocks changed hands. The DFM shares declined 1.94% on high volumes to finish at Dhs1.52, while universal bank Emirates NBD, the largest by assets in the UAE, gained 1.56%, closing at Dhs3.25. The DFM managmenet announced today, that “on the occasion of the UAE national day and New Hejry year, the official holiday will start on Thursday, 2 Dec 2010 and trading shall resume on Monday 6 Dec 2010.” At the Nasdaq Dubai, DP World shares closed flat at $0.60.

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