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Yunis Halim, who was born to Palestinian parents in Chicago, will represent Palestine's national baseball team at the Arab Classic in Dubai
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Bourses trade very thin volumes, DFM index dips
DUBAI — The UAE bourses traded extremely thin volumes yesterday as Dubai Financial Market index slipped marginally to 396 and the Abu Dhabi index edged up a few points to 3429.
Across the two bourses the market traded 26.7 million shares. DFM traded one of its lowest volumes in the past two years at 13.5 million shares worth Dh83 million. ADSM also traded a modest volume of 13.2 million shares as the total market turnover of the two bourses totalled Dh196 million, less than a quarter of the average daily turnover on Emaar counter a year ago.
On DFM, Emaar traded 3.6 million shares and closed unchanged at Dh10.85. In early trade the share hit an intraday low of 10.75. Amlak and Aramex were down 0.5 per cent each as Shuaa gained 13 fils to close at Dh4.19. Shuaa counter traded more than 1 million shares yesterday on the news that the company is planning to buyback its shares.
In the banking sector, Dubai Islamic Bank and Emirates Bank slipped 7 fils and 5 fils respectively. On Abu Dhabi bourse, banking sector reported mixed trends. National Bank of Abu Dhabi and First Gulf Bank gained 1.6 per cent and 0.7 per cent respectively as Abu Dhabi Commercial bank slipped marginally to Dh7.59. In the services sector Etisalat closed 5 fils up at Dh17.50
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