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UAE: Dh3-million initiative launched by charity to 'correct status of violators' during visa amnesty
In the initial phase, the organisation will process 600 applications from individuals who meet the required conditions
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Etisalat leads trading
DUBAI - Major market indices were up around one per cent yesterday with shares across the board advancing led by Etisalat.
At the DFM there was trading on nine counters with Tabreed leading the volumes with 38 trades of 269,584 shares, which were valued at over Dh3.76 million. Tabreed dropped five fils to Dh13.95. Union Properties was the only other loser and finished with losses of 25 fils at Dh22.50.
Emaar was up 15 fils to Dh24.85 on 19 trades of 49,660 shares, while Emirates Bank International and Dubai Investment advanced five fils each, National Bank of Dubai rose Dh1.15, Dubai Islamic Bank was up 10 fils and Commercial Bank of Dubai finished with gains of 60 fils at Dh83.
The total DFM volume for the day was reported at 628,137, which were valued at over Dh11.45 million.
On the ADSM Etisalat advanced Dh3 to Dh152 on a volume of 29,678 shares, which were valued at over Dh4.5 million, while Al Waha was up 17 fils, Abu Dhabi Islamic Bank rose 20 fils and Abu Dhabi Commercial Bank closed with gains of Dh2.30 at Dh59.80.
The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the Dubai and the Abu Dhabi bourses, was up 20.04 points to 1,748.29. The NBAD ESMI banking sector index rose 18.39 points, while the NBAD ESMI service sector index advanced 19.60 points and the NBAD ESMI insurance sector index closed with gains of 2.12 points at 1,451.66.
Emirates Financial Services (EFS) listed no movers on the OTC market. Emnex advanced 27.87 points to 2,818.61. The financial services sub-index was up 24.02 points at 3,284.03, while Islamic sub-index rose 5.23 points, property advanced 2.53 points, insurance was up 2.04 points and the telecom sub-index closed with gains of 26.62 points or 1.89 per cent at 1,437.32.
The NBAD market review also listed no movers on the OTC market for the day. The NBAD general index was up 46.02 points or 1.07 per cent to 4,326.77 with most of the gains coming from the NBAD service sector index, which rose 73.45 points to 4,907.36.
EFS reported the cumulative market volume for the day at more than 1.73 million shares, which were valued at over Dh23.79 million.
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