Indices slip marginally

DUBAI — Leading UAE stock indices slipped marginally yesterday as some of the banking and service sector shares headed south. The market benchmark, the 38-stock NBAD General Index closed 70 points down at 14370.

By A Staff Reporter

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Published: Sun 17 Apr 2005, 10:26 AM

Last updated: Thu 2 Apr 2015, 4:05 PM

Despite the lacklustre trading, across the two bourses, the market traded over 111,000 shares worth Dh1.97 billion. The banking sector subindex slipped 25 points while the services sector subindex was down by 147 points.

In 4,876 transactions, the Dubai Financial Market traded more than 110 million shares worth Dh1.57 billion. The service sector accounted for more than 90 per cent of the DFM volumes yesterday.

The Emaar scrip was in the limelight yesterday with 1.25 per cent gain. While the scrip closed 25 fils up at Dh20.20, it had touched an intra-day high of Dh20.50. While the district cooling firm Tabreed was hammered down by Dh2.30 to Dh39.10, the Union Properties share gained 40 fils. Arabtec and Shuaa were down by 57 fils and 10 fils respectively.

In the banking sector, the DFM-listed shares came under moderate selling pressure with the Emirates Bank and National Bank of Dubai shares shedding Dh1.40 and Dh1.05 respectively.

Commercial Bank of Dubai and Dubai Islamic Bank slipped marginally by 5 fils and 15 fils.



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