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Market indices advance
DUBAI - Major market indices advanced yesterday supported by gains across the board and an increase in cumulative market volumes.
At the DFM there was trading on seven counters with Tabreed leading the volumes with 51 trades of 351,030 shares, which were valued at over Dh4.9 million. Tabreed advanced five fils to Dh13.95.
Shuaa was up one fil, while DUBAI - Investment rose 10 fils, National Bank of Dubai increased 30 fils and Commercial Bank of Dubai finished with gains of 50 fils.
The total DFM volume for the day was reported at 672,640 shares, which were valued at over Dh11.12 million.
On the ADSM, Etisalat advanced 50 fils to Dh151.50, while First Gulf Bank dropped 17 fils to Dh8.97 on a volume of 717,381 shares and Al Wathba Insurance finished with losses of 22 fils at Dh4.28. Abu Dhabi National Insurance rose Dh1, Abu Dhabi Islamic Bank was up five fils and Abu Dhabi Commercial Bank gained 80 fils.
The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, rose 4.2 points to 1,745.44.
Emirates Financial Services (EFS) listed two movers on the OTC market with National Bank of Sharjah falling five fils and Investbank going down Dh1. Emnex was up 5.19 points to 2,818.91.
The NBAD market review also listed two movers on the OTC market with National bank of Sharjah rising five fils to Dh9.45 and Investbank going down Dh1 to Dh44. The NBAD general index advanced 8.13 points to 4,323, while cumulative market volume for the day was reported at more than 2.15 million shares, which were valued at over Dh32.32 million.
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