Major indexes close flat

DUBAI The OTC market saw some activity yesterday, while major market indexes closed almost flat.

By A Staff Reporter

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Published: Wed 26 Feb 2003, 3:43 AM

Last updated: Wed 1 Apr 2015, 8:24 PM

At the DFM there was trading on six counters with Emaar leading the volumes with 25 trades of 90,560 shares, which were valued at over Dh2.06 million. The property stock declined five fils to Dh22.75.

Dubai Islamic Bank was the other loser and dropped 20 fils to Dh26.60 on nine trades of 5,520 shares. Dubai Investments advanced five fils to Dh6.10 on nine trades of 72,413 shares, while Tabreed rose 10 fils to Dh9.70 on 13 trades of 3,029 shares and Shuaa and Emirates Bank International remained unchanged for the day.

The total DFM volume was reported at 257,702 shares, which were valued at over Dh3.94 million.

On the ADSM, Abu Dhabi Islamic Bank was down five fils to Dh16.70 and National Marine Dredging was up Dh10 to Dh755, while Etisalat and Abu Dhabi Aviation closed unchanged.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, slipped 0.23 points to 1,391.45 as the NBAD ESMI banking sector index declined 0.89 points to 1,647.02. The NBAD ESMI service sector index was up 0.17 points to 1,038.28 and the NBAD ESMI insurance sector index remained unchanged for the day.

Emirates Financial Services (EFS) reported trading in five shares on the OTC market with Abu Dhabi Cooperative being the only loser falling 17 fils to Dh117.50. Abu Dhabi National Insurance advanced Dh1 to Dh99 on a volume of 10,000 shares and National Bank of Umm Al Qaiwain rose Dh12 to Dh340. Bank of Sharjah saw 50,000 shares valued at Dh2.05 million changing hands, while the stock price remained unchanged at Dh41 and National Bank of Sharjah also closed without changing at Dh8.65 on a volume of 110,277 shares.

Emnex advanced 0.6 points to 2,226.92 . The financial services sub-index was up 1.51 points at 2,554.31 and the insurance sub-index rose 5.36 points to 1,314.39. The Islamic sub-index slipped 5.56 points to 1,012.22 and the property sub-index declined 1.41 points to 838.6, while the telecom sub-index remained unchanged.

The NBAD market review listed four movers on the OTC market with Union National Bank going down 32 fils to Dh46.50 and Abu Dhabi Shipbuilding falling 50 fils to Dh27. National Bank of Umm Al Qaiwain was up Dh10 to Dh340 and Union Insurance Company finished with gains of 50 fils at Dh9.

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