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Dubai bourse is up, up and away

 
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Kirk
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Joined: 01 Jan 1970
Posts: 2360

PostPosted: Sun Feb 26, 2012 7:07 pm    Post subject: Dubai bourse is up, up and away Reply with quote

The Dubai Financial Market started the week with a 2.50% day gain, closing at 1,673.04 points. As trading volumes surged to multi-year highs, shares of the DFM, the only Arab bourse which is listed publicly, jumped 8.50% to reach Dhs0.997. Emaar Properties soared 3.29% to close at Dhs3.14. Sharjah-based budget carrier Air Arabia added 0.67%, finishing at Dhs0.746. Earlier in the day, Air Arabia reported a seven percent increase in net profits for the fourth quarter 2011, amounting to Dhs78.7m. The seat load factor stood at 82%. Some 705m shares were traded, valued at Dhs713.45m.

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