Monday 19, May 2008 by Mike Gallagher

Mixed messages on ME markets on Monday

Middle Eastern stock markets again showed a lack of consistency as they yo-yo'd between the positive and the negative. The DFM in Dubai scraped back some of its lost ground as it rose nearly a quarter of 1 per cent to settle at 5,799.15. The star players there included Al Firdous Holding which rose 4.82 per cent to AED 2.61, while Grand Real Estate dragged it the other way, falling 14.78 per cent, rapidly followed by Salaam International which virtually echoed its drop, down 14.44 per cent to AED 15.40. Twelve stocks traded up and 11 down in Dubai on Monday.

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