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Market indices advance

DUBAI - Major market indices advanced yesterday, while Shuaa continued see some large trades during the day.

At the DFM there was trading on seven counters. Shuaa advanced two fils to Dh2.01 on 17 trades of more than 1.18 million shares, which were valued at over Dh2.38 million, while Emaar was up five fils to Dh24, and Dubai Islamic Bank finished with gains of 20 fils at Dh33.50 on 18 trades of 71,215 shares, which were valued at over Dh2.38 million.

National Bank of Dubai rose Dh2.75 on 15 trades of 171,546 shares that were valued at over Dh21.82 million, while Dubai Investment, Tabreed and Mashreqbank remained unchanged for the day. The total DFM volume for the day was reported at more than 1.54 million shares, which were valued at over Dh29.21 million.

On the ADSM, First Gulf Bank slipped two fils to Dh8.33, while Union National Bank fell Dh1 and Abu Dhabi Islamic Bank finished with losses of five fils at Dh19.80. Etisalat advanced 50 fils to Dh150 on a volume of 7,700 shares, which were valued at over Dh1.15 million.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, advanced 5.42 points to 1,764.15. The NBAD ESMI banking sector index was up 7.8 points to 2,098.31 and the NBAD ESMI service sector index rose 3.44 points, while the NBAD ESMI insurance sector index remained unchanged at 1,437.05.

Emirates Financial Services (EFS) listed no moves on the OTC market. Emnex advanced 7.97 points to 2,838.73. The financial services sub-index rose 10.65 points to 3,342.08, while the telecom sub-index was up 4.44 points, property sub-index advanced 1.41 points and the Islamic sub-index finished with gains of 2.62 points at 1,250.2.