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DFM volume at 20-month low
DUBAI — Dubai Financial Market traded 11.2 million shares yesterday, the thinnest volume during the past 20 months. The overall lull was reflected in the index which closed unchanged at 396.
The Abu Dhabi index gained marginally by 7 points to close at 3437 as the national benchmark NBAD General Index closed 22 points up at 10,935. Across the two bourses the UAE market traded a modest volume of 48 million shares worth Dh227.8 million.
On DFM, services sector reported 70 per cent of the market volume and turnover. While Emaar closed 5 fils down at Dh10.80, Amlak and du traded most volumes closing unchanged from the previous closing levels. The banking sector did not report any trading yesterday.
On ADSM, banking sector shares were headed south yesterday with National Bank of Abu Dhabi closing 2.4 per cent down at Dh24.10. While Abu Dhabi Commercial Bank closed at Dh7.59, Union National Bank and Abu Dhabi Islamic Bank slipped 1.2 per cent and 0.45 per cent, respectively. In the services sector, Etisalat closed 10 fils up at Dh17.60.
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