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Dubai market gains 3.33 per cent, DIB gains on Q1 results

: Sunday, May 04 - 2014 @ 17:50

Buying power showed no let-up on Sunday, May 4, sending the Dubai Financial Market General Index (DFMGI) to 5,247.29 points. Emaar jumped by 6.31 per cent to reach AED10.45. Dubai Islamic Bank (DIB) was one of the most liquid shares, edging up by 5.47 per cent to hit AED7.33. Last week, the oldest regulated Shari’a-compliant bank in the GCC region revealed that its net income in the first quarter nearly doubled over the same period last year, amounting to AED636.6 million ($173.60m).


Gérard Al-Fil

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Sunday, May 4- 2014 @ 17:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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