"The Dubai Financial Market's road to recovery has been bumpy and somewhat non-existent as its bluechips
keep pressuring it towards the red zone.
Vietnam's benchmark VN Index closed down 1.83 percent at a 3-month low, driven by falls in most bluechips
Wall Street gains helped lift afternoon trading as investors digested a string of announcements from bluechip
firms led by telecoms giant BT.
TUESDAY: Three days of gains on the London market came to an end yesterday as bluechip
shares fell back.
Brokers said value-buying in select bluechips
coupled with a slightly better trend in other regional markets following overnight gains in the US, influenced sentiment here.
Indian shares surged to their highest level in greater than a month on Friday marking the best weekly performance since October as bluechips
like Larsen and Toubro gained after the central bank's unexpected rate cut on Thursday.
Abu Dhabi: The Dubai Financial Market (DFM) index fell yesterday after rising marginally on Tuesday as investors sold bluechip
stocks on increased downside risks in riskier assets as global economic growth slows.
will stay close to current levels while other, smaller names, will sell off," said Amer Khan, fund manager, Shuaa Asset Management.
The depressed mood spread beyond the bluechips
with crisis-hit Marconi tumbling a further 35pc as investors sold the stock in droves.
fell heavily, with Samsung Electronics and Pohang Iron and Steel losing 15,500 won and 8,000 won, respectively.
The Karachi Stock Exchange (KSE) on Friday staged a spectacular rally supported by institutional buying in bluechips
. The benchmark KSE-100 index gained 412.20 points to end at 28917.75 points up from 28505.55 points.
The KSX 15 index, which reflects trading in bluechips
, lost 4.91 points, decreasing to 976.67 points.