Financial news from the UAE and around the world

Wednesday, April 23, 2008

UAE MARKETS: Slowly But Surely Gains



UAE, though slowly, is making a sure uptrend gains in the stock market, much better than any other markets who have been falling tremendously. A total gain of 3.35 percent were recorded sine the beginning of the year.



Arabtec continued to outperform the market and shot up by more than five per cent to a new record of Dh15.60.

Amlak Finance was also among the best performers by adding 3.53 per cent to its value to close at Dh4.98, followed by Dubai Financial Market, Tamweel and Dubai Investments, all ending the session with strong gains. The losers included Deyaar Development and Tabreed.

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