After five consecutive days of rising, the DFM General Index closed 0.96% lower at 1,468.82 points Monday. Traders booked small profits in Emaar Properties (off one percent at Dhs2.85), telecom operator Du (down 1.29% at Dhs3.05) and Sharjah-based low cost carrier Air Arabia (off two percent at Dhs0.584). Only four shares advanced, among them investment bank Shuaa Capital (up 0.30% at Dhs0.662). EFG Hermes said it expected "some sellers' action in the upcoming few sessions, however, the worse now becomes less likely." Meanwhile, European markets recovered after a small setback on doubts if Spain's EUR100bn bailout request would be enough. Some 77.5m shares were traded, valued at Dhs87.5m.
DFM Index Shows Flat Performance
The contest between bulls and bears ended without any significant change at Dubai Stock Market on Tuesday 10th December 2013, as DFM index wavering between north and south retreated to 3,101.86 point