Volumes cross 2.5m

DUBAI A few large trades in Shuaa took the cumulative market volumes above 2.5 million shares yesterday. The market breadth remained negative and all the major stock market indices were headed south.

By A Staff Reporter

Published: Thu 27 Feb 2003, 3:11 AM

Last updated: Wed 1 Apr 2015, 8:24 PM

On the DFM, Union Properties was the only gainer rising 10 fils to Dh21.85 on three trades of 11,000 shares. Emaar remained unchanged for the day at Dh22.75 on 49 trades of 238,128 shares, which were valued at over Dh5.41 million.

Dubai Islamic Bank declined 25 fils to Dh26.35 on 23 trades of 64,460 shares, which were valued at over Dh1.69 million, while Dubai Investments remained unchanged at Dh6.10 and Emirates Bank International Bank also closed without changing at Dh22.

The Shuaa counter witnessed two million shares changing hands over six trades, while the stock price remained unchanged at Dh1.02. The total DFM volume for the day was reported at over 2.53 million shares, which were valued at over Dh11.97 million.

On the ADSM, First Gulf Bank declined 21 fils to Dh5.15 on a volume of 168,863 shares, National Bank of Abu Dhabi fell 50 fils to Dh88, Emirates Insurance was down Dh1.50 to Dh90.50, Al Waha slipped one fil to Dh5.99 and Etisalat finished with losses of 50 fils at Dh119.

Al Ain Al Ahlia Insurance advanced Dh2 to Dh100, while National Marine Dredging, Qutel and Abu Dhabi Islamic Bank, all remained unchanged.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks DFM and ADSM listed shares, declined 5.01 points to 1,385.25. The NBAD ESMI banking sector index was down 5.72 points to 1,638.26, while the NBAD ESMI service sector index fell 2.94 points to 1,035.34 and the NBAD ESMI insurance sector index finished with losses of 27.34 points at 1,207.6.

Emirates Financial Services (EFS) listed one mover on the OTC market in Abu Dhabi Cooperative, which advanced 50 fils to Dh118. Emnex was down 5.3 points to 2,221.62. The financial services sub-index declined 5.2 points to 2,549.11, while the Islamic sub-index fell 5.56 points to 1,006.67 and the telecom sub-index finished with losses of 4.44 points at 1,100.17. The property sub-index advanced 0.68 points to 839.29 and the insurance sub-index rose 0.27 points to 1,314.66.

The NBAD market review listed three movers on the OTC market with National Bank of Ras Al Khaimah rising 50 fils to Dh37. Union National Bank was down 50 fils to Dh46 and United Arab Bank finished with losses of 27 fils at Dh37.

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