The Dubai Financial Market has indeed closed up on Sunday. A first since the announcement of the request for a moratorium on the debt of Dubai World, which provoked the beginning of a financial crisis. Better yet, the Abu Dhabi Stock Exchange recorded its largest gain since late March.
It is not permitted to remain vigilant.
The DFM index of the Dubai Financial Market has gained 1.2% to 1853 points, up 21.65 points from its close Tuesday, the last working day.
Good news for investors, while the place had fallen by 12.5% after two sessions following the request for a moratorium on Dubai World and its subsidiary Nakheel.
The volumes traded on Sunday indices have reached a high of seven weeks. The total value of shares traded in Dubai reached 836 million dirhams (228 million), against 37.5 million dirhams (10.2 million dollars) Monday.
Caution remains the rule: the Abu Dhabi Stock Exchange has been extremely volatile throughout the day. Its index has shown an increase of 2.4% at the opening before moving into the red (-2%), then recover at the end of the session.
The title of real estate giant Emaar, which had recently suffered a fall approaching the maximum allowable 10%, ended Sunday, up 3.55%. However, after losing nearly 3% in mid-session. Only the banking sector opened down (-1.4% and -2.4% in mid-meeting) to finish in the red (-1.56%).
The Abu Dhabi index rose for its 3.9% to 2673 points, up 100.10 points from Tuesday. This is its highest gain since March 24. He had lost 11.6% the previous two sessions.
Recall that the two markets remained closed for four days because of the national holiday of the United Arab Emirates, followed by the weekend. ( The Dubai Financial Market returns to green )
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