Dubai market heavyweights close unchanged

24 October 2010

The DFM General Index started the last week of October cautiously, adding 0.17% to close at 1,746.98. In line with the lacklustre trading activity (traded value declined 54% to Dhs117m) Market bellwether Emaar Properties ended flat at Dhs3.85, as well as Dubai Islamic Bank (unchanged at Dhs2.43) and Aratec (even at Dhs2.28). Dr. Farouk Soussa, Chief Economist Middle East at Citi in Dubai told that tourism, trade and logistics are the key sectors which will drive Dubai's economic recovery. Fourteen shares gained value, while seven ended flat and seven stocks declined at the DFM on Sunday.

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