Tuesday 6 September 2011

Emirates NBD helped Dubai's end higher - Stocks - ArabianBusiness.com

Emirates NBD helped Dubai's index end higher for a first session in three, but gains were minor and UAE markets are seen remaining in the doldrums in the absence of local catalysts to shift investors' focus away from the turmoil on global bourses.

Dubai's top bank by value climbed 1.4 percent, while rival Dubai Islamic Bank added 0.5 percent and budget carrier Air Arabia gained 1.1 percent.

The index rose 0.4 percent to 1,485 points as volumes slumped to a week-low.

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