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Company also noted a near halving of energy consumption across its operated portfolio
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Dubai, Abu Dhabi shares up marginally
DUBAI — Shares in Dubai recovered yesterday at the close of weekly trading, advancing 8.67 points, or 0.2 per cent to 4,255.29. The Abu Dhabi bourse gained a measly 0.15 points to close at 3,436.81 from 3,436.66 on Wednesday.
Dubai Financial Market, or DFM Co., and the region's largest real estate developer by market value, Emaar Properties, paced the Dubai Financial Market (DFM) General Index.
Traded shares in DFM Co., the only publicly traded stock exchange in the region, were valued at close to Dh501 million as it rose 3 per cent to Dh3.14 while Emaar, which gained 0.5 per cent to Dh10.90, posted Dh337.27 million for its total traded shares.
Global Investment House, which was created to enhance the investment services industry in Kuwait, topped DFM with a jump of 6.7 per cent to Dh11.20, followed by Oman Insurance Co. with a rise of 3.12 per cent to Dh8.25.
Dubai Islamic Insurance advanced 1.1 per cent to Dh23.85 while newcomer AirArabia, an award-winning budget airliner based in Sharjah, increased 0.8 per cent to Dh1.25.
The Kuwaiti firm involved in warehousing and global logistics, Public Warehousing Co., had a reversal of fortune as it hit DFM's bottom-rung with a fall of 15 per cent to Dh19.40. It topped DFM on Wednesday with a rise of 3.2 per cent to Dh22.80.
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