Stock prices and traded values rose on Wednesday at the DFM, following gains in the US and Asia, boosted by a surprise move by the central bank in Japan to lower interest rates. The DFM General Index surged 0.90% to close at 1,704.091 points. International Financial Advisors (IFA) from Kuwait jumped 14.81% to finish at Dhs0.868. The DFM share (up 1.69% at Dhs1.80) recovered from recent profit bookings as the share gained over 20% during September. Emirates NBD, the Middle East’s largest lender by assets failed to join the market’s surge and declined 0.70% to Dhs2.85. Traded value surged to Dhs394.53m as 226.85m stocks changed hands.
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