UAE indices report marginal gains

DUBAI — The UAE stock indices reported marginal gains yesterday after the market experienced a moderate correction during the week. The market benchmark National Bank of Abu Dhabi gained 73 points to close at 17,567.16 points, while the Dubai Financial Market index gained 1.3 per cent (14.5 points) to close at 1110.06 points.

By A Staff Reporter

Published: Thu 6 Oct 2005, 10:40 AM

Last updated: Thu 2 Apr 2015, 5:31 PM

Despite the marginal gains reported on key banking sector scrips such as the Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Bank, National Bank of Abu Dhabi and the Abu Dhabi Commercial Bank, analysts expect the market to remain volatile during the weeks ahead.

Across the two bourses, the UAE market reported Dh1.39 billion turnover yesterday. In over 6,400 deals, the DFM traded 73 million shares worth Dh1.27 billion. The service sector counters reported across-the-board decline in share prices with the key property sector share Emaar closing 15 fils down at Dh25. While Amlak and Shuaa shares slipped by 5 fils and 15 fils each, Tabreed and Union Properties also reported marginal losses.

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