Tuesday 22 July 2014

UAE stock markets bounce back as DFM gains 2.5 per cent | GulfNews.com

UAE stock markets bounce back as DFM gains 2.5 per cent | GulfNews.com:



"The UAE stock markets bounced back on Monday as the Dubai Financial Market (DFM) index gained 2.5 per cent to end trade at 4,724.95, while the Abu Dhabi Securities Exchange (ADX) general index rose 1.48 per cent to reach 4,987.83.



The figures mark a quick recovery from Sunday when the DFM index fell 5.99 per cent on the back of a 9.9 per cent plunge by powerhouse, Arabtec.



On Monday, Arabtec fell 1.79 per cent but remained the most traded stock in terms of value. With over Dh1.5 billion worth of trade, the company accounted for 54 per cent of the total value of trade on DFM."



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