• Home
• /
• Business

Leading UAE stock indices record gains

DUBAI — UAE stock markets remained active with most leading indices gaining points. Led by huge gains recorded by the telecommunications sector, the UAE market benchmark NBAD General Index ended up 1.74 per cent to close at 16,242 points as banking, service and insurance sector subindices posted gains.

The Banking Sector Index finished 229.75 points higher at 15,215.63 points, the Service Sector Index closed 429.76 points higher at 22,039.50 points and the Insurance Sector Index added 26.61 points to finish at 7,311.15 points.

The DFM General Index rose 0.44 per cent to reach 1003.10 while the Emnex closed higher by 173.94 points at 9126 points.

With the ADCB and NBD shares trading at higher levels, financial services sector gained 1.44 per cent while the Islamic sector gained 1.48 per cent on a surge by Abu Dhabi Islamic Bank scrip by Dh5.60.

With Etisalat shares trading Dh1.40 up, the telecom sector recorded a gain of 4.28 per cent. The property sector, which showed a rally on the previous day, slipped as Union Property trade 9 fils down. Across the two bourses, the total value of more than 100 million shares was at Dh1.57 billion. In 8,949 trades the Dubai Financial Market traded 102 million shares worth Dh1.37 billion.