Dubai bourse rises 2 per cent

DUBAI — Topped by Dubai Financial Market (DFM Co.) and AirArabia, Dubai's main index hit the ground running yesterday at the start of weekly trading, rising 95.02 points, or 2.2 per cent, to close at 4,473.47. Shares in Abu Dhabi posted an upbeat mood as well, gaining 38.72 points, or 1.1 per cent, to 3,696.37.

By A Staff Reporter (UAE STOCK)

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Published: Mon 8 Oct 2007, 8:53 AM

Last updated: Sat 4 Apr 2015, 11:24 PM

he only publicly traded stock exchange in the region, DFM Co. advanced 6.6 per cent to Dh3.57 while Sharjah-based budget carrier AirArabia gained 6.2 per cent to Dh1.55.

The other big gainers were Aramex, a global total transportation services company, which rose 4.51 per cent to Dh2.78; Islamic Arab Insurance, which increased 2.74 per cent to Dh3.37; and the Arab world's largest real estate developer by market value, Emaar Properties, which climbed 2.72 per cent to Dh11.30.

Dropping 0.2 per cent to Dh24, Dubai Islamic Insurance was the only loser on Dubai Financial Market (DFM) General Index.

DFM's traded shares were valued at Dh2.73 billion. Twenty-one DFM listed companies posted gains while one was unchanged.

The real estate sector had the biggest jump at 2.84 per cent to 1,012.30 among the sub-indices listed on Abu Dhabi Securities Market (ADSM) Index, while the insurance sector was the only loser as it fell 1.32 per cent to 2,919.65.

Oman & Emirates Investment Holding Co., which invests in various projects in Oman and the UAE, led the gainers on ADSM with a jump of 10 per cent to Dh23, followed by Fujairah Cement Industries with a rise of 5.7 per cent to Dh4.65.

The region's first private natural gas company, Dana Gas, inched up .01 per cent to Dh1.66. Dana has successfully placed its sukuk (Islamic bond) issue of $875 million, an increase from the initial amount of $750 million.

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