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Lead weights drag down Dubai market, Arabtec below AED4

: Sunday, June 22 - 2014 @ 18:12

Ahead of the major holiday season and the Holy Month of Ramadan, the Dubai Financial Market General Index closed 2.25 per cent lower to 4,489.90 points on Sunday, June 22. The uncertainty over Iraq’s future continued to dampen the mood on the trading floor. Last week, the UAE withdrew its ambassador to Baghdad for consultations and demanded Iraqi prime minister, Nouri Almaliki, to form a national government of consensus.

Arabtec Holding, as the most liquid share, fell by 9.86 per cent to AED3.84. Emaar dived 3.44 per cent to AED9.25. Al Salam Kuwait gained the most, finishing 6.67 per cent higher to AED1.12. Trading turnover melted like ice in the sunshine as more people left for their annual holidays. Approximately 372 million shares were traded, valued at AED930 million.

Gérard Al-Fil

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Sunday, June 22- 2014 @ 18:12 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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