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Shares of Dubai developers remain buoyant amid solid constr

 
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Kirk
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PostPosted: Mon Feb 20, 2012 7:07 pm    Post subject: Shares of Dubai developers remain buoyant amid solid constr Reply with quote

The Dubai Financial Market (DFM) General Index dipped 0.14% to 1,568.94 points. Emaar Properties, the most liquid stock, gained 0.34% and Islamic developer Deyaar soared 1.90% to reach Dhs0.321. According to Dr. Nasser Saidi, Chief Economist at the DIFC Authority and Head of External Relations, "the UAE has the largest share of the $1 trillion worth of construction projects to be completed by 2020 in the GCC - at $636bn," he wrote in his weekly DIFC economic commentary published earlier on Monday. Dubai Islamic Bank (off 1.35%) and telecom operator Du (1.32% lower) weighed on the benchmark. Some 299m shares were traded, valued at Dhs290.4m.

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