Market indices gain

DUBAI - The key UAE stock market indices moved further up yesterday as the Abu Dhabi Stock Market (ADSM) reported record volumes and turnover. ADSM traded more than 5 million shares worth over Dh10 million.

By A Staff Reporter

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Published: Wed 1 Dec 2004, 12:37 PM

Last updated: Thu 2 Apr 2015, 11:46 AM

The market benchmark NBAD General Index closed 81 points up at Dh7254 points while the underlying subindices, the services sector subindex and the banking sector indices gained 208 points and 9 points, respectively.

The overall market volumes were down by about 45 per cent yesterday. While the ADSM reported an increase in volumes, the DFM traded substantially lower volumes. In 1378 trades, DFM traded 23 million shares worth Dh35 million yesterday. The Emaar volumes were down by more than 60 per cent yesterday. In 544 trades the counter traded 12.16 million shares worth Dh119.7 million. Emaar counter has witnessed a massive decline in volumes from over Dh1 billion it reported in the beginning of the week. The scrip gained 7 fils and closed at Dh9.87. Union Properties closed 75 fils lower at Dh46.25, while Tabreed closed 35 fils up at Dh24.30.

The DFM listed banking sector shares traded more than one million shares.

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