Dubai index crosses 5,000 points

Dubai: Dubai’s benchmark index — DFM — crossed the 5,000 mark during the first hours of trade on Tuesday.

It is trading now at 5,094.14 points, up by 1.01 per cent, led by telecoms and banks shares.

The index has touched the 5,000 points in October 2008.

Real estate shares, which got a boost on Monday, is trading lower.

Arabtec shares, which surged 9.47 per cent on Monday, is trading lower by 1.13 per cent and Deyaar by 0.57 per cent while bellwether Emaar is up by 0.94 per cent.

Abu Dhbai’s benchmark index is also trading up by 0.17 per cent to 5,200.66 points, led by real estate shares.

Aldar is trading more than four per cent higher at Dh4.80.