Dubai, Abu Dhabi markets advance

DUBAI — Both the Dubai and Abu Dhabi benchmarks gained yesterday, with the former climbing 0.66 per cent to 3,981.99 points and the latter advancing 0.42 per cent to 3,168.59 points.

By (Staff report)

Published: Wed 9 May 2007, 8:21 AM

Last updated: Sat 4 Apr 2015, 10:58 PM

Arabtec Holding was the top gainer in the Dubai Financial Market (DFM) General Index with a rise of 13.58 per cent to Dh5.10. It had a total traded value of Dh157.2 million and a volume of over 32 million shares. Emirates Bank International gained 3.31 per cent and closed at Dh9.35 while Dubai Islamic Insurance Co rose 1.37 per cent to Dh14.70 and ARAMEX climbed 0.99 per cent to Dh2.03.

Dubai Financial Market (DFM Co), the first stock exchange in the Middle East to sell a stake to the public, advanced 1 per cent to Dh2.98. Its total volume reached almost 254 million shares. du, UAE's second largest telecom company, lost 0.20 per cent to close at Dh4.92.

The top loser in Dubai's main index, however, was Dubai Investments with a fall of 2.46 per cent to close at Dh3.96. Arab Insurance Group slumped 1.42 per cent to Dh2.77 while TABREED (National Central Cooling Co) fell 0.46 per cent to close at Dh2.15. Also, TAMWEEL (Tamweel) fell 0.26 per cent to Dh3.72. The Abu Dhabi National Hotels Co was the biggest gainer in Abu Dhabi Securities Market (ADSM) Index, climbing 9.77 per cent to Dh4.38, followed by International Fish Farming Co with a rise of 9.56 per cent to Dh4.50, and Emirates Foodstuff & Mineral Water Co which rose 8.59 per cent to Dh1.40.

More news from Business
In-store shopping regains trust


In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business5 days ago