Emaar rises 0.78%, says it sees no impact from India penalty

25 October 2010

The DFM Index gained 0.36% Monday, closing at 1,753.31. Market bellwether Emaar (up 0.78% at Dhs3.88) said today would not see any impact by a penalty by the Indian authorities who said it would penalise the Dubai-based developer for ‘delays and defects’ in the Commonwealth Games village, constructed by Emaar, Thomson-Reuters reported. Traded value increased 31% to Dhs153.53m as 112.2m shares changed hands.

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