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Dubai Trade Volume Doubles

Thursday, July 16, 2009
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The United Arab Emirates shows recovery as trade volume doubles on the Dubai Financial Market.

From Mohamad Al Kady, Emirates Business 24/7:

Trade volume on the Dubai Financial Market (DFM) doubled in the first half of this year compared to the previous six months while volumes on the Abu Dhabi Securities Exchange (ADX) rose 39 per cent, data released by the two bourses revealed yesterday.

The number of shares traded on DFM in H1 2009 topped out at 64.12 billion, a 44 per cent increase compared to the first half of 2008 and a 102 per cent jump over the volumes traded during the second half of 2008.

Due to a sharp depreciation in share prices, trade value declined during the first half to Dh86.61 billion compared to Dh203.52bn during the first half of 2008 and Dh100.64bn during the second half last year.

Read the full article.

Other Related Topics: Dubai Investments , Stocks

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