Investors at the DFM witnessed an up-and-down-day, leaving the General Index 0.60% lower at 1,784.45 points. Although Standard and Poors revised Emaars credit watch implications yesterday from negative to developing, shares of the real estate bellwether closed 1.77% lower at Dhs2.78. But contractor Arabtec bucked the trend by gaining 1.92%, ending at Dhs2.66. The rollercoaster index development today, with the market temporarily gaining over two per cent, paired with moderately high trading volumes (686,997,613 shares changed hands) indicate a tough struggle between bearish and bullish investors.
Services and Insurance Sectors Push DFM Index Higher
The DFM General Index inched up to reach at 2,323.34 points on Wednesday 22nd May 2013.The index spending most of the session in the green zone added 3.99 points or 0.17 percent.
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Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e
Bonds seen consolidating after recent rally; lack of OMO hurts
Government bonds fell for a second consecutive session on Wednesday, continuing to retreat from a recent rally as the Reserve Bank of India has yet to announce bond purchases that had been widely exp