Dubai market loses 0.57%

25 August 2010

Influenced by weak U. S. economic data, the DFM General Index ended 0.57% lower at 1,484.89 points. U. S. home sales plummeted 27% July to an annual rate of 3.83 million units, the lowest sales pace since the National Association of Realtors began tracking the figure in 1999. Emaar Properties (down 0.92% at Dhs 3.23) remains stuck in a three-month tradig between Dhs 3.10 and Dhs3.40. Kuwait's Global Investment House surged 7.94% to Dhs0.897. While trading volumes stabilises at 35m shares, traded volume dipped four percent to Dhs44.66m.

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