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DFM index retreats

DUBAI — The Dubai Financial Market (DFM) General Index retreated yesterday after a big climb on Sunday, falling 0.50 per cent to 3,955.74 points while the main index in the UAE capital of Abu Dhabi continued to climb, gaining 0.46 per cent to 3,155.37 points.

SHUAA Capital was the biggest loser in the Dubai benchmark, falling 5.73 per cent to close at Dh4.92 and after an intra-day bid that reached Dh5.10.

The other big losers were Arab Insurance Group (ARIG) with a fall of 4.74 per cent to Dh2.81, Dubai Islamic Bank (DIB) with a slump of 3.46 per cent Dh8.37 after an intra-day trading of Dh8.80, and Dubai Islamic Insurance with a decrease of 2.68 per cent to Dh14.50.

On Sunday, ARIG gained 7.27 per cent to Dh2.73 and DIB climbed 14.68 per cent to Dh8.63.

The gainers in Dubai's main index were Tabreed (National Central Cooling Company), which increased 3.84 per cent to Dh2.14, Commercial Bank of Dubai with a climb of 3.47 per cent to Dh7.05 and Global Investment House that gained 3.33 per cent at Dh9.30.

The National Bank of Abu Dhabi, UAE's largest lender by asset, gained 0.75 per cent to Dh19.95.

The real estate index in the ADSM benchmark increased by 5.52 per cent to 699.31 points while the industrial index jumped 2.44 per cent to 1,831.14.

The biggest gainers were Umm Al Qaiwain Cement Industries with a rise of 8.29 per cent to Dh2.35, Fujairah Building Industries with a jump of 8.28 per cent to Dh1.70, Ras Al Khaimah Ceramics Company with a climb of 7.93 to Dh4.30, and National Marine Dredging Company with a gain of 7.81 per cent to Dh4.15.