ID :
72384
Mon, 07/27/2009 - 16:30
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https://www.oananews.org//node/72384
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Dubai equities gain 5.23%
Dubai, July 27, 2009 (WAM) - UAE markets surged on Sunday as global markets picked up and oil prices rose above $68 (Dh249.5) per barrel, the highest since the beginning of this month according to a report in Gulf News.
The combined market index has increased by 1.95 per cent to close at 2,791.32 points. The market capitalisation has gained Dh7.76 billion, attaining Dh405.29 billion. A total of 0.93 billion shares were traded with a total value of Dh1.36 billion.
The Dubai Financial Market yesterday surged by 5.23 per cent to Dh1,843.45 on the back of Emaar jumping by almost nine per cent. The market saw its biggest gain for a single-session since February. Abu Dhabi benchmark gained 0.50 per cent to Dh2,724.61, its highest close in four weeks. It moved up by 13 points.
Emaar led the rally in Dubai, rising 8.98 per cent to Dh2.79 and DFM stock rose 12.10 per cent to Dh1.76.
The market traded over Dh1 billion in one session. Of the total stocks, 24 rose and only three closed down. – Gulf News
The combined market index has increased by 1.95 per cent to close at 2,791.32 points. The market capitalisation has gained Dh7.76 billion, attaining Dh405.29 billion. A total of 0.93 billion shares were traded with a total value of Dh1.36 billion.
The Dubai Financial Market yesterday surged by 5.23 per cent to Dh1,843.45 on the back of Emaar jumping by almost nine per cent. The market saw its biggest gain for a single-session since February. Abu Dhabi benchmark gained 0.50 per cent to Dh2,724.61, its highest close in four weeks. It moved up by 13 points.
Emaar led the rally in Dubai, rising 8.98 per cent to Dh2.79 and DFM stock rose 12.10 per cent to Dh1.76.
The market traded over Dh1 billion in one session. Of the total stocks, 24 rose and only three closed down. – Gulf News
