Major market indices move sideways

DUBAI - Major market indices continued to move sideways yesterday as the market breadth remained negative and gains in most of the sectors were offset by losses in the Islamic segment.


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Published: Tue 24 Feb 2004, 12:05 PM

Last updated: Wed 1 Apr 2015, 11:55 PM

Some of the prominent gainers for the day included Union National Bank, which was up 40 fils to Dh60 on a volume of 20,000 shares, while Julffar advanced 16 fils to Dh4.89 on a volume of 978,999 shares, which were valued at over Dh4.78 million and Emaar closed with gains of five fils at Dh26.45 on a volume of 190,486 shares, which were valued at over Dh5.03 million.

Losers included Dubai Islamic Bank, which was down 25 fils to Dh48.25 and Abu Dhabi Islamic Bank that closed with losses of five fils at Dh23.70.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, advanced 0.7 points to 1,940.08. The NBAD ESMI service sector index rose 1.95 points, while the NBAD ESMI banking sector index declined 1.07 points and the NBAD ESMI insurance sector index fell 1.63 points.

Emnex was up 4.4 points to 3,133.61 and the NBAD general index rose 0.68 points to 4,789.7.

Emirates Financial Services reported the cumulative market volume for the day at more than 3.7 million shares, which were valued at over Dh45.8 million.

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