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Islamic segment lifts index

DUBAI - The UAE stock market saw losses across all but the Islamic segment, where a 10 fils gain in Abu Dhabi Islamic Bank took the sectoral index up 1.74 points for the day.

At the DFM, there was trading on eight counters with Mashreqbank rising 50 fils to Dh112 and Shuaa going up two fils to Dh1.85.

Commercial Bank of Dubai dropped five fils to Dh89.95, while Tabreed was down 10 fils to Dh14.30 and Emaar also closed with losses of 10 fils at Dh23.85 on 63 trades of 346,600 shares, which were valued at over Dh8.27 million.

The total DFM volume for the day was reported at more than 895,824 shares, which were valued at over Dh11.51 million.

On the ADSM, Etisalat declined Dh1 to Dh147, while National Bank of Abu Dhabi fell Dh2 to Dh115 and Emirates Insurance finished with losses of Dh10 at Dh115.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, dropped 6.49 points to 1,736.3. The NBAD ESMI banking sector index fell 4.65 points to 2,081.77, while the NBAD ESMI service sector index was down 6.04 points and the NBAD ESMI insurance sector index fell 16.73 points.

Emnex was down nine points to 2,811.6 with most of the losses coming from the insurance sector index, which dropped 1.05 per cent, and the telecom sub-index that was down 0.63 per cent.

The NBAD market review listed no movers on the OTC market.

The NBAD general index slipped 6.49 points to 1,736.3, while the cumulative market volume for the day was reported at more than 1.2 million shares, which were valued at over Dh27.27 million.