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Article: Dubai Bounces Back.

Article from:
Khaleej Times (Dubai, United Arab Emirates)
Article date:
June 10, 2009
Copyright

Summary: DUBAI -- UAE shares were mixed on Tuesday, with Dubai bouncing back to positive terrain as firmer oil prices encouraged buying, but profit-takers continued to pull down Abu Dhabi market.

Property and select penny stocks bouyed the Dubai Financial Market benchmark index to end 1.2 per cent higher at 2,004.43. The main index of the Abu Dhabi Securities Exchange shed 1.33 per cent to 2,788.64.

Gains in other property and construction-related companies offset the lacklustre performance of Dubai index mover Emaar Properties which closed flat at Dh3.76. Deyaar Development gained 7.6 per cent at Dh0.85. Union Properties jumped by 8.6 per cent to Dh1.01. ...

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