DFM Slips, ADX rises

The Dubai Financial Market (DFM)  closed 0.52% lower at 1,541.80 points. Market Heavyweight Emaar Properties fell by 0.62% and ended at Dhs3.20.  Turnover was up today at the DFM by 19% compared to Wednesday. Overall, During the first week of June the DFM Index lost 3.08%.

The ADX General Index closed 0.85% higher at 2,571.06, as oil prices stabilizing above $73 per barrel helped the energy price-sensitive market to sustain momentum. Over this first week of June, the UAE capital’s market declined by 3.48% during the week. Aldar Properties shares went up, ending at Dhs3.16 (up 2.92%).

The current Foreign Exchange and Gold rates are:

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Forex Rates (AED)

Currency             Buy            Sell

US Dollars            3.653         3.685

Euro                     4.402         4.584

Pound                  5.302         5.509
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Gold Rates (AED)

Type             Today              Yesterday

TT Bar           16900.00         16940.00

24 Carat       147.00             147.50

22 Carat       137.00             137.25

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