Dubai finds support, Abu Dhabi trades in narrow range
The DFMGI closed 0.5 per cent higher although much of the gains were driven by the Emirates National Bank which gained 2.54 per cent today. Nevertheless, the market seems to have found support near 5,600 with most stocks trading near support areas. Ever since the high on May 6, the market has traded sideways within a range of 5600-5850. Until that range is broken to either side, the market remains range-bound.