Dubai market rebounds 0.72% on high turnovers

29 September 2010

The DFM General Index ended Tuesday at 1,702.43 as Arabtec, the most liquid share, surged two percent to reach Dhs2.03, along with gains at real estate developers Emaar (gaining 0.80% at Dhs3.80) and Deyaar (0.31% higher at Dhs0.321). DP World and Deapa Ltd., both listed at the Nasdaq Dubai and the DFM parallely, posted losses (down 1.73% at $0.511 and down three percent at $0.64 respectively). At the DFM, traded value surged 51% to Dhs220m. Some 120.8m shares changed hands, 45% more than on Monday.

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