Dubai's local bourse fails to benefit from Saudi push

18 March 2012

The Dubai Financial Market (DFM) General Index fell 1.36% to 1,660.47 points, after on Saturday the Saudi market measure climbed to its highest level since September 14, 2008. Emaar Properties was the most liquid share, falling 1.30% to Dhs3.06. The DFM, the Arab world's only listed stock exchange, dived 3.39% to Dhs1.14. Gainers were mostly foreign non-heavyweights such as telco firm Hitstelec (up 13%) or investment firm Al-Madina (both from Kuwait. Some 176.5m shares were traded, valued at Dhs217.8m.

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