Leading indices gain marginally

DUBAI — UAE's leading stock indices gained a little yesterday, albeit marginally. The Abu Dhabi Stock Market (ADSM) rose by 0.7 per cent to 3,024. as14 of the 34 traded stocks declined, 15 advanced and two remain unchanged.

By A Staff Reporter

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Published: Wed 14 Mar 2007, 8:47 AM

Last updated: Sat 4 Apr 2015, 10:50 PM

The National Bank of Abu Dhabi, the biggest traded lender in the UAE by market value, gained 3.1 per cent to Dh25.25 on the day on which it approved a 40 per cent cash dividend and 30 per cent bonus shares at its annual general meeting.

Shares in the Abu Dhabi National Co. for Building Materials (BILDCO), a supplier of steel, cement, stones and hardware to construction companies, jumped 3 per cent to Dh3.81. Shareholders approved a cash dividend of 25 fils per share,

The Abu Dhabi National Takaful Company (TKFL) saw its shares climb nearly 9 per cent to close at Dh3.52.

In Dubai, the Dubai Financial Market (DFM) General Index fell 1.2 per cent to close at 4,013.61. Emaar, the largest publicly traded real-estate developer in the Middle East, rose 1.2 per cent to Dh12.2, after falling 5.1 per cent the previous day. The shares fell after the company slashed its dividend by 50 per cent, saying that it needed to invest more in new projects for the long term.

Gulf General Investment Company, a UAE investor in real estate and industrial projects, lost 0.8 per cent to Dh8.58.

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