No let-up in Dubai market rise

11 October 2010

At the DFM, investors were a bit more cautios and picky on Monday, as 12 shares gained, 12 declined and six ended flat. The DFM General Index closed 0.34% higher at 1,755.60, Dubai Islamic Bank (DIB) ending as the top banking share (up 1.72% at Dhs2.37). DIB shares advanced over 18% during the last three months. At Shuaa Capital, on the other hand, traders booked profits, sending the investment bank down by 0.86% to close at Dhs1.15. Traded value and volumes declined by a third to Dhs423m and 229.34m shares respectively.

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