Sentiment remains buoyant

DUBAI - Sentiments remained buoyant on the UAE stock market as shares advanced on the banking and telecom segments. The insurance segment also witnessed some movement for the day.

By A Staff Reporter

Published: Wed 28 Jan 2004, 12:20 PM

Last updated: Thu 2 Apr 2015, 12:13 AM

At the DFM there was trading on eight counters with Shuaa going down three fils to Dh3.07 on 57 trades of more than 1.76 million shares that were valued at over Dh5.42 million and Dubai Islamic Bank falling 10 fils to Dh48.75 on 21 trades of 21,615 shares, which were valued at over Dh1.05 million.

Commercial Bank of Dubai advanced 65 fils to Dh95.65, while Emirates Bank International was up 35 fils to Dh22.95, National Bank of Dubai rose 25 fils to Dh128.85 on 46 trades of 192,750 shares, which were valued at over Dh24.83 million and Dubai Investments finished with gains of five fils at Dh13.10. Emaar remained unchanged at Dh26 on 45 trades of 151,649 shares that were valued at over Dh3.9 million, while Tabreed was up 15 fils to Dh13.75 and Union Properties also finished with gains of 15 fils at Dh23.15.

The total DFM volume for the day was reported at more than 2.29 million, which were valued at over Dh38.35 million.

On the ADSM, Abu Dhabi Commercial Bank declined 10 fils to Dh59.40 and Abu Dhabi Shipbuilding closed with losses of Dh1.35 at Dh33.15 on a volume of 46,000 shares that were valued at over Dh1.52 million.

Etisalat advanced Dh2 to Dh151.50 on a volume of 40,499 shares that were valued at over Dh6.14 million and Qutel advanced Dh3 to Dh161, while First Gulf Bank was up 25 fils to Dh8.35 and Abu Dhabi Islamic Bank finished with gains of 10 fils at Dh24 on a volume of 100,065 shares that were valued at over Dh2.4 million.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and ADSM listed shares, advanced 11.91 points to 1,881.79. The NBAD ESMI banking sector index was up 9.11 points to 2,258.65, while the NBAD ESMI service sector index rose 12.13 points to 1,376.41 and the NBAD ESMI insurance sector index closed with gains of 10.48 points at 1,668.83.

Emirates Financial Services (EFS) listed no movers on the OTC market, while Emnex was up 16.69 points to 3,031.98. The financial services sub-index rose 12.2 points to 3,601.72, while the property sub-index was up 1.02 points to 968.44, the insurance sub-index advanced 10.07 points to 1,847.74 and the telecom sub-index closed with gains of 17.74 points at 1,432.88.

The NBAD market review listed three movers on the OTC market with National Bank of Umm Al Qaiwain rising Dh30 to Dh490, Investbank advancing Dh1 to Dh56 and Rakbank closing with gains of Dh1.50 at Dh66.

The NBAD general index was up 32.49 points to 4,664.05. The NBAD banking sector index rose 26.82 points to 5,159.44, while the NBAD service sector index was up 47.22 points to 5,005.06 and the NBAD insurance sector index closed with gains of 25.58 points at 3,716.76.

EFS reported the cumulative market volume for the day at more than 3.04 million shares, which were valued at over Dh55.14 million.

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