Market opens new week on weak note

DUBAI - The market opened the new week on a weak note yesterday as the market breadth remained negative and volumes were mostly seen on the First Gulf Bank counter.

By A Staff Reporter

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Published: Sun 18 May 2003, 11:57 AM

Last updated: Wed 1 Apr 2015, 9:18 PM

At the DFM, Tabreed and Dubai Investments dropped five fils each to close at Dh10.30 and Dh7.05 respectively, while Union Properties was also down five fils to Dh19.95 and National Bank of Dubai finished with losses of 25 fils at Dh97.25. Commercial Bank of Dubai declined 50 fils to Dh74.50, while Emirates Bank International rose five fils to Dh18.15 and Emaar closed with gains of 15 fils at Dh22.45 on a volume of 148,019 shares, which were valued at over Dh3.32 million.

On the ADSM, Commercial Bank International was up 10 fils to Dh4.50 on a volume of 48,073 shares and Julffar advanced five fils to Dh2, while First Gulf Bank remained unchanged at Dh5.91 on a volume of 523,180 shares, which were valued at over Dh3 million. Etisalat also closed unchanged on a volume of 19,588 shares, valued at over Dh2.5 million, while Abu Dhabi Islamic Bank declined five fils to Dh16.35 and Union National Bank finished with losses of 30 fils at Dh53 on a volume of 5,000 shares.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, advanced 0.1 points to 1,434.94 as the NBAD ESMI service sector index was up 0.85 points to 1,090.34. The NBAD ESMI banking sector index declined 1.02 points to 1,667.9 and the NBAD ESMI insurance sector index remained unchanged for the day.

Emirates Financial Services reported trading in just one share on the OTC market in Abu Dhabi shipbuilding, which remained unchanged at Dh26 on a volume of 300 shares.

Emnex slipped 0.08 points to 2,355.56. The financial services sub-index declined 1.36 points to 2,695.8 and the Islamic sub-index fell 0.87 points to 1,030.64. The property sub-index was up 3.9 points to 846.24 and both the insurance and telecom sub-indices remained unchanged for the day.

The NBAD market review listed no movers on the OTC market, while the NBAD general index declined 0.21 points to 3,583.73. EFS reported the cumulative market volume for the day at 882,510 shares, which were valued at over Dh12.5 million.

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