Lower prices help Dubai exchange recoup its losses

* username: rupertbu

The main Dubai bourse ended higher yesterday for a ninth session out of the past 11, as investors took advantage of lower prices to build new positions following Wednesday’s fall.

The Dubai Financial Market General Index rose 0.5 per cent to 1,726. It lost 2.3 per cent the previous day in its largest decline for more than a month, but most stocks rebounded yesterday.

Among the gainers were shares in the Dubai Financial Market, up 1.8 per cent, and Union Properties adding 2 per cent.