DFM, ADX Slips

DFM ended 1.35% lower at 1,461.80 points. On a year-to-date basis the DFM (down 18.95%) posted the largest decline in the GCC. Those who invested in Emaar Properties at the beginning of 2010 lost twenty percent of their capital.

ADX ended 0.69% lower at 2,514.01 points. During the first six months of 2010, the ADX lost 8.37%. The real estate sector index was hit once again by a major retreat. Only four shares advanced in value, while 19 declined and seven remained flat.

Gold remained stable this week.

The current Foreign Exchange and Gold rates are: