DFM adds Deyaar to general index
Dubai, October 10, 2007
Dubai Financial Market has added Deyaar Company to DFM general index, DFMGI, and to the real estate index.
Deyaar's total outstanding shares are 5.778 billion, out of which 4.334 billion shares are free float shares that represent the company in the mentioned indexes, said a DFM official..
Accordingly, and based on market closing prices of 9/10/2007 trading session, Deyaar market capitalisation represents 6.2 per cent of DFMGI total market capitalisation.
On the other hand, DFM Indexes Committee decided to de-list National bank of Dubai and Emirates Bank International from DFMGI and the Banks Sector's index as a result of the suspension of trading on its shares in order to de-list both banks from DFM and the new bank to be added to DFM General Index after a month from the date of listing.
Based on the above mentioned changes, number of DFMGI companies reached 27 with total market capitalisation representing about 75 per cent of total market capitalisation of the market.- TradeArabia News Service