Profit takers drag Dubai market down

22 September 2010

After hitting a five-month high yesterday, the Dubai Financial Market (DFM) ended 1.61% lower on Wednesday, closing at 1,673.69 points. Emaar Properties was down 2.86% to close at Dhs3.73. Investment bank Shuaa Capital surged 4.67% to close at Dhs1.12. Shuaa reaped benefits from news which circulated the day before that it was among the 21 UAE shares which were upgraded to part of the FTSE Global Equity Index Series. Traded value declined 28% to Dhs306m, as 191.6m (down by a quarter) changed hands.

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