Business | Markets
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
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.
-
More from Markets
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
