Real estate related economic and financial news covering the MENA region.
Dubai market falls slightly, but saves level from last week
Jun 14, 2012
The DFM General Index ended off 0.96% Thursday at 1,463.73 points. The drop was not broad as seven shares advanced and 17 declined. Emaar Properties dipped 1.38% to close at Dhs2.85.
It is noteworthy that shares of the DFM, the only publisly listed Arab bourse, advanced several times during the session and closed unchanged at Dhs0.96. Investment bank Shuaa Capital jumped 5.14% to hit Dhs0.696. Compared to the closing from last week, the DFMGI ended even, a first since May 22. The next resistance line is at 1,500 points, which the gauge touched on the aforementioned date, before falling back in the wake of Euro zone debt concerns.