All the key indices suffer losses

DUBAI — The UAE markets went down on the last trading day of the week, with the Dubai Financial Market (DFM) Index shedding 0.14 per cent to 428.82 points. The Emnex (t) Active Market Index, however, was up, adding further 10.77 points to close at 6,585.27 points. The Abu Dhabi Securities Market (ADSM) Index was also down, slipping 0.20 per cent to 3,535.25 points.

By A Staff Reporter

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Published: Fri 14 Jul 2006, 12:08 PM

Last updated: Sat 4 Apr 2015, 3:09 PM

All the UAE key stock market indices led by the insurance sector, which recorded the lowest volumes, suffered losses yesterday. Despite the negative sentiments, the two UAE bourses recorded a total turnover of Dh910.29 million yesterday, up 50 per cent compared to the previous trading day session. Out of 53 traded stocks 25 advanced, while 21 declined and seven stocks remained unchanged. The DFM yesterday recorded a trade value of Dh782.455 million, with over170.5 million shares changing hands in more than 11,000 trades. While 10 stocks out of 22 traded stocks advanced, seven declined and five stocks closed flat.

The ADSM yesterday traded about 18.3 million shares valued at Dh127.8 million in over 1,650 deals. Out of 37 traded companies, 16 advanced, 17 declined, while four remained unchanged.

All the NBAD indices continued to recover yesterday, expect for with the insurance sector sub-index, which lost over 31 points to 5,901.61.

The UAE market benchmark NBAD General Index gaining further 25.65 points closed at 11,364.08 points. The service sector index was the major gainer for the day climbing 37.72 points or 0.28 per cent to close at 13,321.05 points. The banking sector sub-index was up 25.47 points to 12,050.67 points. The NBAD Emirates Stock Markets General Index also continued to recover yesterday climbing further 8.48 points to end the day at 4,937.22 points.

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