Market opens week on a quiet note

DUBAI - The market opened the new week on a quiet note yesterday as shares suffered small losses in almost all the segments.

By A Staff Reporter

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Published: Sun 11 May 2003, 11:52 AM

Last updated: Wed 1 Apr 2015, 9:13 PM

At the DFM there was trading on five counters with Emaar leading the volumes. The counter saw 32 trades of 194,778 shares, which were valued at over Dh4.36 million, while the property stock went down 10 fils to Dh22.40.

Dubai Islamic Bank and Emirates Bank International were also down 10 fils each to close at Dh25.85 and Dh18.15 respectively, while Tabreed advanced five fils to Dh10.40 and Shuaa advanced four fils to Dh1.20.

The total DFM volume for the day was reported at 258,837 shares, which were valued at over Dh5.31 million.

On the ADSM First Gulf Bank was up one fil to Dh5.91 on a volume of 578,271 shares, which were valued at over Dh3.41 million, while Abu Dhabi Islamic Bank was up five fils to Dh16.40 on a volume of 81,359 shares, which were valued at over Dh1.33 million and Al Khazna Insurance finished with gains of 50 fils at Dh114.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, slipped 2.64 points to 1,428.57.

The NBAD ESMI banking sector index was down 1.41 points to 1,667.1 and the NBAD ESMI service sector index fell 3.26 points to 1,080.71.

The NBAD ESMI insurance sector index was up 0.94 points to 1,203.77.

Emirates Financial Services (EFS) listed no movers on the OTC market, while Emnex dropped 3.72 points to 2,347.58.

EFS reported the cumulative market volume for the day at more than 1.16 million shares, which were valued at over Dh15.31 million.

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