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DFM recovers, ADSM drops 0.04pc

AirArabia, a low-cost airline based in Sharjah, advanced 1.6 per cent to Dh1.29 while the region's leading marine and shipping services company, GULFNAV, had registered some 34 million traded shares. It also topped the Dubai Financial Market (DFM) General Index with a gain of 3.07 per cent to Dh1.34.

The other big gainers were Amlak Finance, the region's leading home finance company, which climbed 3.05 per cent to Dh3.37; Global Investment House, which advanced 2.33 per cent to Dh10.95; DFM Co., the only publicly traded stock exchange in the region, which increased 2.04 per cent to Dh3; and Dubai Islamic Insurance, which rose 2 per cent to Dh25.75.

Gulf General Investments fell 2.4 per cent to Dh8.10, National Bank of Dubai dropped 2.3 per cent to Dh8.89, Emirates Bank International declined 1.1 per cent to Dh9.25, and Shuaa Capital slumped 0.4 per cent to Dh5.

The company that executes dredging contracts and related reclamation work, National Marine Dredging Co., had made a complete turnaround as it topped the Abu Dhabi Securities Market (ADSM) Index with a jump of 9.98 per cent to Dh4.96. It was the biggest loser on Sunday with a fall of 5.1 per cent to Dh4.51.

United Arab Bank rose 9.75 per cent to Dh7.43, National Bank of Ras Al Khaimah increased 7.25 per cent to Dh7.40, and Investbank advanced 3.51 per cent to Dh2.95.

Al Wathbah National Insurance Co. trailed all the ADSM listed companies with a fall of 10 per cent to Dh4.60. Fujairah Building Industries decreased 6.11 per cent to Dh1.72 while National Bank of Abu Dhabi slipped 2.31 per cent to Dh19.25.