Dubai market index struggles to reach 4,200 points
The Dubai Financial General Index (DFMGI) opened strongly, but eventually lost steam and closed unchanged at 4,198.07 points on Wednesday, February 26. Commercial Bank of Dubai, the number nine among lenders in the UAE, jumped five per cent to close at AED6.30. Gulf General Investment Company advanced by 2.42 per cent to AED2.12. Emirates NBD, the second biggest lender in the GCC region in relation to assets, lost the most, ending down by 4.17 per cent at AED8.05. Trading turnover plummeted 20 per cent as 796 million shares were traded, valued at AED1.53 billion.