Business | Markets
Channel Sponsor
Share slump: Dubai index drops
The Dubai stock market benchmark dropped on Monday after investors moved in to take profits after Sunday's hefty gains of 387 points or 9.87 per cent.
- By Gaurav Ghose, Financial Features Editor
- Published: 23:53 September 22, 2008
-
Pakistan rupee hits record low
Pakistan rupee hits record low after blast
-
Sensex falls as investors avoid risk
Sensex falls as investors avoid risk
-
UAE throws Dh50b lifeline to banks
UAE Central Bank sets up Dh50b emergency bank facility
-
US investment bank model abandoned
Investment bank model abandoned; US bailout debated
-
American banks not out of woods yet as loan losses remain
American banks not out of woods yet as loan losses remain
-
ADCB: No direct exposure to Lehman
ADCB has no direct exposure to Lehman
Dubai: The Dubai stock market benchmark dropped on Monday after investors moved in to take profits after Sunday's hefty gains of 387 points or 9.87 per cent.
The Dubai Financial Market General Index declined 109 points or 2.54 per cent to close at 4,200.53.
But the Abu Dhabi benchmark gained 1.65 per cent to end at 4,014.47, extending its two-day rally to 7.52 per cent. Volumes on DFM fell to 443.82 million shares compared to 720.67 million on Sunday and value traded also declined to Dh1.81 billion from Dh2.65.
On ADX, however, volumes climbed 27.69 per cent to 258.53 million shares and turnover was up from Dh927.82 million to Dh1.5 billion.
-
Share this article
Related Articles
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
Experts seek solutions to global gloom
Suggestions formulated in Dubai will feature in next year's WEF
-
Qatar benefits from diversification
Doha's readiness to look beyond hydrocarbons as a growth engine bodes well
-
When the Web lives worldwide
Cutting-edge firms are building massive data facilities all over the globe
