DFM dips, ADSM continues to gain

DUBAI — Dubai's main index retreated yesterday, dropping 0.37 per cent to 4,517.58 points while Abu Dhabi's general benchmark continued to increase for the second day this week, gaining 1.03 per cent to 3,684.07 points.

By A Staff Reporter

Published: Tue 10 Jul 2007, 8:57 AM

Last updated: Sat 4 Apr 2015, 10:18 PM

Gulf Finance House, a regional leader in Islamic investment and commercial banking, fell 4.5 per cent to Dh8.40 while Aramex, a global total transportation services company, dropped 1.81 per cent to Dh2.70.

The other big losers on the Dubai Financial Market (DFM) General Index were Amlak Finance, which slipped 1.08 per cent to Dh3.63; Dubai Islamic Bank, which decreased 0.95 per cent to Dh10.40; and Shuaa Capital, the region's leading investment banking institution, which dropped 0.78 per cent to Dh5.05.

Dubai National Insurance, which is engaged in insurance and re-insurance of all classes of business, led the gainers with a rise of 4.41 per cent to Dh3.55. Gulf General Investments increased 1.23 per cent to Dh8.18, Dubai Islamic Insurance gained 0.76 per cent to Dh26.25, Arab Insurance Group climbed 0.66 per cent to Dh3.05, and Dubai Investments rose 0.2 per cent to Dh4.80.

Oasis International Leasing Co., a world-class firm engaged in leasing high-value assets, and Sorouh Properties Co., which in February announced a non-national ownership of up to 40 per cent of its equity, were among the most active companies on the Abu Dhabi Securities Market (ADSM) Index.

United Arab Bank, the full service regional investment bank, topped ADSM with a rise of 9.67 per cent to Dh6.92. Union Insurance Co. rose 9.13 per cent to Dh2.27, Fujairah Building Industries increased 8.95 per cent to Dh2.07, and Umm Al Qaiwain Cement Industries Co. climbed 5.91 per cent to Dh2.33.

National Corporation of Tourism & Hotels fell 8.8 per cent to Dh4.56, Fujairah Cement Industries Co. dropped 6.97 per cent to Dh4.54, Abu Dhabi National FoodStuff Co. slipped 5.93 per cent to Dh4.44, and Investbank slumped 3.6 per cent to Dh2.68

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