Bulls lift Dubai market above 5,000 points | Bulls lift Dubai market above 5,000 points -

Bulls lift Dubai market above 5,000 points

: Tuesday, April 22 - 2014 @ 18:01

The Dubai Financial Market General Index (DFMGI) gained 0.70 per cent to reach 5,018.98 points on Tuesday, April 22, a first in six years. The gauge got a boost after European shares advanced as European indices witnessed a post-Easter rally after Swiss pharmaceutical giant Novartis said it would buy the cancer-drug unit from British counterpart GlaxoSmithKline Plc. Emaar edged up by1.42 per cent to AED10.75. After the market’s closing, Emaar said it posted in the first three months 2014 a net income of AED863 million or $235 million, a 55 per cent increase year on year, mostly boosted by its retail and hospitality business. Mazaya gained the most, closing 14.53 per cent higher at AED1.34. Kuwait-based logistics specialist Agility fell the most, ending off 10 per cent to AED9.18. Approximately 864 million shares were traded, valued at AED2.691 billion.
Gérard Al-Fil


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Tuesday, April 22- 2014 @ 18:01 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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