Market marginally up

DUBAI - The UAE market was marginally up yesterday as gains in the financial services and property segments offset losses in telecom and insurance segments. The cumulative volumes were also up significantly as more than 1.5 million shares of First Gulf Bank changed hands.

By A Staff Reporter

Published: Tue 29 Apr 2003, 12:18 PM

Last updated: Wed 1 Apr 2015, 7:45 PM

At the DFM there was trading on seven counters with Tabreed being the only loser falling 10 fils to Dh10.55 on 19 trades of 88,005 shares.

Emaar advanced 20 fils to Dh22.70 on 49 trades of 258,998 shares, which were valued at over Dh5.87 million, while Dubai Investments advanced 20 fils to Dh7 on a volume of 301,035 shares, which were valued at over Dh2.1 million and Commercial Bank of Dubai remained unchanged at Dh75.55 on one trade of 2,000 shares.

Dubai Islamic Bank advanced 10 fils to Dh25.85 on 32 trades of 232,154 shares that were valued at over Dh6 million, Emirates Bank International advanced 20 fils to Dh18.50 and National Bank of Dubai finished with gains of 10 fils to Dh99.

The total DFM volume for the day was reported at more than 893,192 shares, which were valued at over Dh15.67 million.

On the ADSM, Al Khazna Insurance dropped Dh3 to Dh112, while Abu Dhabi Islamic Bank fell five fils to Dh16.50 and Etisalat finished with losses of 50 fils at Dh131 on a volume of 13,360 shares, which were valued at over Dh1.75 million. Abu Dhabi National Hotels advanced 80 fils to Dh95.30, Abu Dhabi National Foods rose 30 fils to Dh21.50, Commercial Bank International was up 19 fils to Dh4.40 and First Gulf Bank finished with gains of six fils at Dh5.87 on a volume of 1.53 million shares, which were valued at over Dh8.98 million.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, advanced 1.43 points to 1,454.2 as the NBAD ESMI banking sector index rose 5.43 points to 1,672.8. The NBAD ESMI service sector index declined 1.18 points to 1,117.67 and the NBAD ESMI insurance sector index finished with losses of 5.77 points at 1,194.74.

Emirates Financial Services (EFS) listed just one mover on the OTC market with Abu Dhabi Shipbuilding going down 30 fils to Dh24.95.

Emnex advanced 1.99 points to 2,380.46. The financial services sub-index was up 8.25 points to 2,701.55, while the Islamic sub-index rose 0.87 points to 1,032.39 and the property sub-index finished with gains of 5.65 points at 859.86. The insurance sub-index fell 3.05 points to 1,326.55 and the telecom sub-index declined 4.44 points to 1,228.82.

The NBAD market review listed four movers on the OTC market. National Bank of Sharjah advanced 10 fils to Dh8.60, while United Arab Bank rose Dh1 to Dh39, Rakbank was up 50 fils to Dh39 and Asmak finished with gains of 25 fils at Dh5.50.

The NBAD general index advanced 5.07 points to 3,632.88 as the NBAD banking sector index rose 14.07 points to 3,762.89. EFS reported the cumulative market volume at more than 2.49 million shares, which were valued at over Dh27.99 million.

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