Financial news from the UAE and around the world

Monday, May 5, 2008

UAE Market Close to Higher

Again, UAE stocks gained positive shares....



The UAE markets overcame profit taking to close in the green for the second session running. The Dubai Financial Market climbed 0.47 per cent to 5,843 points, eclipsing the rise of the Abu Dhabi Securities Market, which advanced 0.41 per cent to 5,045.

"Yesterday saw some profit taking, which was to be expected after the gains of late last week, but it was within acceptable boundaries and didn't stop the market moving upwards," said Ayman El Saheb, Darahem Financial Brokerage director of operations.

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