Thursday 6 January 2011

gulfnews : Dubai bourse trade fell 65.3% last year

The Dubai Financial Market said that the total number of shares traded on the bourse slipped 65.3 per cent last year from 110.7 billion shares in 2009 to 38.4 billion shares in 2010.

The value of shares traded last year was down 59.8 per cent to Dh69.7 billion, compared to Dh173.5 billion in 2009. Overall the Dubai Financial Market General Index was down 9.6 per cent at 1,630.5 on the last trading day of the year compared to 1,803.6 on the last trading day of 2009.

The year-end statistics from the exchange showed market capitalisation fell in 2010 by 6.6 per cent to Dh199.1 billion compared to Dh213.2 billion at the end of the previous year.

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