Dubai market rises on IMF outlook

12 April 2011

The DFM General Index closed 1.11% higher at 1,590.48 points. On Monday, the IMF said in its World Economic Outlook that the GDP growth in 2011 in the UAE, Saudi Arabia and Qatar will outperform the region. Emaar was the most liquid share as the Middle East's largest developer gained 0.62% to reach Dhs3.62. Emirates NBD added 1.39%, finishing at Dhs3.65. Kuwait's Global Investment House was the top loser, declining by eight percent to Dhs0.621. Sixteen stocks gained, 10 lost and two ended flat. Some 312.26m shares valued at Dhs383m changed hands.

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