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Market indices up

DUBAI - Major market indices were up over one percentage point yesterday as shares across the board advanced led by the telecom segment.

There was trading on eight counters at the DFM with Dubai Islamic Bank being the only loser falling 15 fils to Dh23.30 on six trades of 9,500 shares.

Emirates Bank International was up 15 fils to Dh17.75 on 11 trades of 65,000 shares, which were valued at over Dh1.15 million and National Bank of Dubai finished with gains of five fils at Dh97.05 on five trades of 19,645 shares, valued at over Dh1.9 million. Dubai Investments and Tabreed remained unchanged for the day, while Emaar rose five fils to Dh22.15 on 31 trades of 90,656 shares, which were valued at over Dh2 million, Shuaa was up two fils to Dh1.07 and Union Properties advanced 40 fils to Dh22.

The total DFM volume for the day was reported at 292,907 shares, which were valued at over Dh6.21 million.

On the ADSM, Etisalat advanced Dh4 to Dh130.50 on a volume of 74,835 shares, which were valued at over Dh9.75 million and Qutel rose Dh6.50 to Dh137 on a volume of 10,020 shares, valued at over Dh1.37 million. Abu Dhabi Aviation and Julffar rose 10 fils each to close at Dh65.30 and Dh1.85 respectively, while National Bank of Abu Dhabi advanced Dh2.60 to Dh87.80, Abu Dhabi Islamic Bank increased 20 fils to Dh16.15 on a volume of 63,741 shares, valued at over Dh1.02 million and Abu Dhabi Commercial Bank finished with gains of 50 fils at Dh55.30. First Gulf Bank also saw a huge demand as the share advanced 18 fils to Dh5.75 on a volume of 575,000 shares

National Marine Dredging was the only loser at the ADSM and slipped Dh20 to Dh700 on a volume of just 16 shares. The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI) advanced 21.8 points or 1.53 per cent to 1,443.54.