Dubai's market clocked up its first loss in over a week as investors sold positions ahead of second quarter results due to be released in a matter of weeks.
The Dubai Financial Market General Index slipped 0.4 per cent to 1,552.11 points this morning, after a four-day rally, as traders await market-moving updates on company earnings. Volumes of traded shares on the market also struggled to breach 65 million, compared to volumes at least double this at the height of the property boom in 2007.
Increased trading volumes, the majority excercised by day traders that buy and sell on a regular basis, fuels increased liquidity and higher prices on the market.
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