FINANCIAL NEWS

DFM turnover down 60%

06 Jan 2011

Dubai Financial Market (DFM) issued a report regarding its results for the year of 2010, recording a sixty percent decrease and thus registering its lowest point in the past six years, reported The Gulf Daily News.

The report also showed that Dubai’s index decreased by 9.6 percent in the same year registering the lowest performance among gulf and Arab benchmark. It is worth noting that Qatar had the best performance with an increase of 24.8 percent and in second came Saudi Arabia with an 8.2 percent increase.

Total market trade value amounted to $18.98 billion, thus decreasing by around $28 billion compared to 2009. The real estate and construction sector dominated bourse trading, accounting for 67 percent of turnover in 2010.

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