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Market indices advance

There was trading on 10 counters at the DFM with Emaar being the only loser falling five fils to Dh25.60 on 45 trades of 254,301 shares, which were valued at over Dh6.5 million.

Commercial Bank of Dubai advanced 50 fils to Dh82.50, while Dubai Islamic Bank rose 35 fils to Dh30.75, Emirates Bank International was up five fils to Dh21.30, Mashreqbank rose Dh3 to Dh106 and National Bank of Dubai finished with gains of Dh1.40 at Dh114.

On the ADSM, Etisalat advanced 50 fils to Dh158.50 on a volume of 37,630 shares, which were valued at over Dh5.96 million, while Abu Dhabi National Hotels rose Dh2 to Dh112 on a volume of 52,998 shares, which were valued at over Dh5.93 million and First Gulf Bank finished with gains of 14 fils at Dh8.74 on a volume of 177,403 shares, which were valued at over Dh1.54 million. Abu Dhabi Aviation dropped Dh1.50 to Dh62.50 and Rapco declined five fils to Dh3.51.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, advanced 10.88 points to 1,768.37. The NBAD ESMI banking sector index rose 16.87 points to 2,043.96 and the NBAD ESMI service sector index was up 6.08 points. The NBAD ESMI insurance sector index remained unchanged for the day.

Emirates Financial Services (EFS) listed no movers on the OTC market. Emnex advanced 14.69 points to 2,848.61.

The financial services sub-index was up 23.94 points to 3,262.94 and the telecom sub-index rose 4.44 points to 1,494.99. The property sub-index was down 1.41 points to 952.7.