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24/06/2010 00:00 AST
The DFM Index opened in the green but lost momentum and stabilized only during the last two hours of trading, ending 0.79% lower at 1,538.98 points. Shares of the DFM itself declined by 1.27% (closing at Dhs1.55. Due to low trading volumes and the absent of IPOs, the DFM stock lost 17 percent during the last six months. A Credit Suisse Global Research report from today however notices that stock market corrections tend to be shorter and subsequent rebounds stronger as the world economy is in a recovery phase. Trading value increased by 10% to Dhs197.18m at the DFM and trading volumes surged 22% as almost 195m stocks changed hands. Emaar (off 2.10% at Dhs3.26) was the most liquid share.
AME Info
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
ADX 4,608.97
23.76 (0.52
DFM 3,091.15
-9.24 (-0.30
Ticker | Price | Change |
---|---|---|
EMIRATESNBD | 10.65 | 0.05 (0.47 |
EIB | 9.50 | 0.00 (0.00 |
EMAAR | 5.61 | -0.03 (-0.54 |
EMAARMALLS | 2.16 | 0.00 (0.00 |
DIB | 5.30 | 0.00 (0.00 |
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