Real estate saves the day at Dubai bourse

August 7, 2014 4:58 pm

The Dubai financial market general index DFMGI rebounded by 0.17 per cent, closing at 4,734.76 points on Thursday, August 7.

Emaar Properties regained 1.56 per cent to reach AED9.75. Arabtec Holding, the biggest construction firm in the UAE, was the most liquid share and advanced by one per cent to hit AED4.10. Union Properties added 0.50 per cent, ending at AED2.09.

Islamic insurance firm Dar Takaful dived 6.41 per cent to AED0.716.

Trading turnover remained very low, apparently due to holiday absenteeism. Only 227m shares were traded, valued at AED455m.

Thirteen shares advanced, while 10 declined in value.

Gérard Al-Fil