Dubai: The UAE markets reversed early losses on Thursday, to extend gains for a second day, led by property majors even as participation remained thin due to year-end holidays.
The Dubai Financial Market ended 1.42 per cent higher at 3,886.94, reversing from an intraday low of 3,785.92. The index had gained 3 per cent in the previous session.
“It’s a normal trading day. The closing price shows that sellers have no direction to sell,” Osama Al Ashri, member of British organisation, Society of Technical Analysts told Gulf News.
On Thursday’s trade, Arabtec ended 5.28 per cent higher at Dh3.19 per share. Deyaar ended 3.98 per cent higher at Dh0.94 in trade. More>>
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