|
|
Article: Shares Rise On Global Rallies.
- Article from:
- Khaleej Times (Dubai, United Arab Emirates)
- Article date:
- July 19, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Summary: DUBAI - Rising global sentiment boosted UAE shares on Thursday, with Dubai getting a lift after the central bank said it is likely to buy into the remaining half of the emirateAEs $20-billion C bond programme.
The benchmark index of the Dubai Financial Market advanced by as much as 2 per cent in mid-day session before selling pressure trimmed gains to 1.5 per cent at 1,737.18. The index chalked up a gain of 6.5 per cent on a three-day winning streak and 1.2 per cent from the previous week. The biggest gainers were investment bank Shuaa Capital which surged by 7 per cent to Dh1.52, and, stock exchange operator Dubai Financial Market Aa DFM PJSC, which ...