Business | Markets
Channel Sponsor
UAE markets continue upward trend after extended holidays
Stock markets in the United Arab Emirates close higher on Thursday after a 10-day holiday.
- Agencies
- Published: 15:03 December 11, 2008
Dubai: Stock markets in the United Arab Emirates close higher on Thursday after a 10-day holiday.
Emaar Properties leads gains on Dubai's benchmark, ending 3.69 per cent higher, while du surges 6.16 percent.
The index rises 0.63 per cent to 1,987 points.
Abu Dhabi's index makes marginal gains, closing just 0.09 per cent up at 2,756 points. Abu Dhabi National Energy Co rises 3.17 per cent.
Abu Dhabi Commercial Bank ends 4.31 per cent up.
Qatar's main index extends gains into a second day following the Eid Al Adha holiday, led by Industries Qatar, while Bahrain's benchmark inches lower.
Industries Qatar, down almost 46 per cent this year, ends 4.2 per cent up, while Commercial Bank of Qatar gains 2.81 per cent.
The index ends 1.53 per cent up at 6,260 points.
In Bahrain, Gulf Finance House, down 51 per cent this year, closes 2.44 per cent lower.
The index slips 0.2 per cent to 1,923 points.
Share this article
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
-
Media baron Murdoch cries foul
Murdoch's suggestion of content theft infuriates digital evangelists
-
Jobs vital to global recovery
Higher unemployment reduces purchasing power and revenues
-
Abulhoul Aviation to begin operations
New charter company will use Cessna 206 Station Air to transport tourists
