Developers gain as lenders lose at Dubai market

17/04/2014 18:00 AST

The Dubai Financial Market General Index (DFMGI) advanced by 0.72 per cent to close at 4,762.21 points on Thursday, April 17. The gauge gained 150 per cent in the past 12 months and showed few signs of exhaustions during this week, despite negative sentiment in Europe due to ongoing tensions between Russia and Ukraine. Union Properties recorded the biggest gain, closing 3.33 per cent higher at AED2.79. Its Islamic rival, Deyaar Development, edged up by 3.25 per cent to AED1.59. Emirates NBD and SHUAA Capital fell by 3.19 per cent and 1.84 per cent, respectively.


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DFM 3,091.15 -9.24 (-0.30%)

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