Dubai Financial Market falls 5 percent in June
The market reached...
July 1, 2009 12:02 by Aarti Nagraj
The Dubai Financial Market reached 1784.45 points at the end of June, a fall of 5 percent as compared to 1878.09 points at the end of May. However, the value of shares traded during the month reached AED30 billion, an increase of 101.8 percent compared to the AED 14.9 billion recorded during May.
The number of shares traded also increased by 105.6 percent from last month, and the number of transactions went up by 89.9 percent in June as compared to May.
The real estate and construction sector ranked first in terms of the value of traded shares, with investment and financial services coming second.