Market indices mixed

DUBAI Major market indices continued to move sideways yesterday as listed stocks suffered small losses, while the OTC market saw some strong gainers.

By A Staff Reporter

Published: Mon 17 Feb 2003, 3:05 AM

Last updated: Wed 1 Apr 2015, 8:24 PM

On the DFM, there was trading on eight counters with Dubai Islamic Bank leading the volumes with 10 trades of 63,000 shares, which were valued at over Dh1.68 million.

The Islamic bank ended up 15 fils at Dh26.75. Emirates Bank International advanced 25 fils to Dh21.90 on three trades of 4,146 shares and Dubai Investments finished with gains of 15 fils at Dh5.95 on eight trades of 48,642 shares.

Mashreqbank declined Dh55.75 to Dh690 on one trade of 200 shares, while Tabreed was down five fils to Dh9.50 and Union Properties fell 10 fils to Dh21.85. Dubai National Insurance and Emaar remained unchanged for the day.

The total DFM volume was reported at 161,860 shares, which were valued at Dh3.13 million.

On the ADSM First Gulf Bank declined eight fils to Dh5.50, while Al Wathba Insurance fell eight fils to Dh3.02 and Al Waha finished with losses of one fil to Dh5.99. National Bank of Abu Dhabi was up six fils to Dh87, Abu Dhabi Islamic Bank advanced five fils to Dh16.70 and National Hotels & Tourism was up Dh1 to Dh293.

Etisalat, Emirates Insurance and Abu Dhabi Aviation remained unchanged for the day.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks DFM and the ADSM listed stocks, declined 3.55 points to 1,387.08 as the NBAD ESMI banking sector index fell 9.23 points to 1,641.38 and the NBAD ESMI insurance sector index dropped 2.43 points to 1,235.95.

The NBAD ESMI service sector index advanced 0.23 points to 1,035.08.

EFS reported the cumulative market volume for the day at 422,427 shares, which were valued at over Dh17.97 million.

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