• Home
• /
• Business

Market indices move up

DUBAI - Major market indices were up yesterday as shares led by Etisalat registered strong gains for the day.

At the DFM there was trading on eight counters with Tabreed falling 25 fils to Dh13.70 and National Bank of Dubai closing with losses of 70 fils at Dh135.25 on nine trades of 20,245 shares that were valued at over Dh2.73 million.

Emirates Bank International advanced 85 fils to Dh27.60, while Dubai Investments rose 10 fils to Dh13.60, Union Properties was up 45 fils to Dh24.45 and Emaar closed unchanged at Dh26.45.

The total DFM volume for the day was reported at more than 2.26 million shares, which were valued at over Dh55 million.

On the ADSM, among movers Etisalat was up Dh5 to Dh159.50 on a volume of 134,653 shares, which were valued at over Dh21.44 million. Abu Dhabi Islamic Bank rose 30 fils to Dh24.15 on a volume of 102,901 shares that were valued at over Dh2.48 million, while Abu Dhabi Commercial Bank was up 10 fils to Dh60.10 and National Bank of Abu Dhabi closed with gains of Dh1 at Dh117.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, advanced 24.33 points or 1.26 per cent to 1,957.36. The NBAD ESMI banking sector index rose 12.79 points to 2,349.99, while the NBAD ESMI service sector index was up 29.55 points to 1,432.85 and the NBAD ESMI insurance sector index closed with gains of 8.48 points at 1,713.3.

Emirates Financial Services (EFS) listed no movers on the OTC market, while Emnex advanced 35.72 points to 3,138.8. The telecom sub-index rose 44.36 points or 3.04 per cent and the financial services sub-index advanced 16.84 points.

The NBAD market review also listed no movers on the OTC market, while the NBAD general index was up 58.79 points or 1.23 per cent to 4,839.69. The NBAD banking sector index rose 24.89 points, while the NBAD service sector index advanced 120.38 points and the NBAD insurance sector index closed with gains of 20.68 points.

EFS reported the cumulative market volume for the day at more than 2.73 million shares, which were valued at over Dh84.35 million.