Investors unimpressed by Emaar results

22 July 2010

The Dubai Financial Market (DFM) ended 0.16% lower at 1,528.97 points. Market bellwether Emaar reported a net profit of Dhs802bn ($218m) for the second quarter, a 6% increase over the first quarter of the year. But Emaar shares closed unchanged at Dhs3.37. Nevertheless, investors can look at an encouraging week, with the DFM stabilizing above 1,500 points, a lesser volatile market and overall positive second quarter company results. Traded value decreased in Thursday by 12% to Dhs132.91m, while some 103.474m stocks changed hands, 20% more than on Wednesday. Interior designer Depa posted the largest loss, ending 4.29% lower at $0.67.

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