Monday 12 December 2011

Industry weighs on UAE bourses - The National

Gulf bourses were dragged lower by petrochemicals companies after agreement was reached among world leaders to restrict carbon emissions following marathon climate-change talks in Durban.

The UAE's markets, which do not have a concentration of heavy industry, were buoyant - with the Dubai Financial Market (DFM) rising the most in a week.

The DFM General Index gained 0.9 per cent to 1,396.97 points, while the Abu Dhabi Securities Exchange General Index rose 0.6 per cent to 2,458.91.

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