Indices continue to gain

DUBAI - The UAE stock market indices continued to gain yesterday as the over all sentiment in the market resulted in higher volumes and surge in share prices on both Abu Dhabi Stock Market (ADSM) and Dubai Financial Market (DFM). In the NBAD Index, the banking and services sector sub indices gained 2.18 and and 24,68 points respectively.

By Our Market Reporter

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Published: Tue 19 Aug 2003, 11:51 AM

Last updated: Wed 1 Apr 2015, 7:51 PM

The insurance sector closed marginally down by 4.08 points. Most of the bank shares closed higher except Commercial Bank of Dubai and First Gulf Bank. Insurance sector headed south due to the loss suffered by Emirates Insurance scrip. Property and telecom sectors also closed higher yesterday.

The NBAD General Index closed 10.21points up and the Emirates Stock Market Index closed up by 4.16 points.

The DFM volumes witnessed big surge yesterday. The bourse traded a over one million shares worth more than Dh13.9 million in 87 deals. In the banking sector, the National Bank of Dubai scrip closed 95 fils up at Dh107.25. The counter traded close to 40,000 shares in a single deal. Mahreqbank share traded a modest volume of 4,000 shares in two deals to close at Dh95. Emirates Bank International was up by five fils at Dh20.20. CBD scrip closed 45 fils down at Dh79.55. Dubai Investment Company traded 83,000 shares in 16 deals. The share closed five fils down at Dh8.15.

Emaar counter reported substantial gain in volumes yesterday. In 14 deals it traded more than 128,000 shares worth Dh3.14 million. The share closed at Dh25.45. Tabreed scrip moved up by 10 fils, while Union Properties closed 20 fils down at Dh21.30

On ADSM, banking counters reported brisk trading yesterday. While the National Bank of Abu Dhabi closed intact at Dh104 the Abu Dhabi Commercial Bank was up by 50 fils to close at Dh54.

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