Monday, 29 August 2011

Dubai, Abu Dhabi markets go into Eid break on a high - Emirates 24/7

Dubai's index gained 1.2 percent, its highest close since Aug. 4. but volumes remained low.

Retail-driven stocks were among the most active, with Emaar Properties rising 1.8 percent, Drake & Scull advancing 1.3 percent and low-cost carrier Air Arabia adding 1.3 percent.

Meanwhile Abu Dhabi's benchmark ended on a near four-week high, closing 0.5 percent up. Dana Gas and Aldar Properties accounted for half of the total shares traded on the index, gaining 1.8 and 2.5 percent respectively.

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