Dubai market’s week-long gaining streak halted

February 12, 2014 12:20 pm

The Dubai Financial General Index DFMGI closed 0.44 per cent lower at 4,047.35 points, on Wednesday, February 12. It was the first drop of the gauge in eight days. Arabtec was the most liquid share, diving 3.31 per cent to AED4.97. National General Insurance (NGI) closed unchanged at AED4.95. Earlier in the day, NGI said that its net profit amounted to AED125.105 million in 2013, up from AED46.40m in the previous year. Emirates NBD jumped by 5.98 per cent, reaching AED7.80. Approximately 1.5 billion shares were traded, valued at AED3.227 billion.

Gérard Al-Fil