Volumes rise over 2.5 million shares

DUBAI - Gains in Etisalat and Abu Dhabi Islamic Bank took major market indices up yesterday as volumes rose over 2.5 million shares because of some large trades in Bank of Sharjah.

By A Staff Reporter

Published: Tue 22 Apr 2003, 12:37 PM

Last updated: Wed 1 Apr 2015, 7:43 PM

At the DFM there was trading on six counters with Dubai Islamic Bank being the only loser falling five fils to Dh25.50. Mashreqbank advanced Dh1 to Dh75 on three trades of 50,000 shares, which were valued at over Dh3.75 million and Shuaa finished with gains of two fils at Dh1.11 on three trades of 118,658 shares. Emaar remained unchanged at Dh22.25 on a volume of 48,131 shares, which were valued at over Dh1.07 million, while Tabreed and Dubai Investments remained unchanged for the day.

The total DFM volume for the day was reported at 357,564 shares, which were valued at over Dh6.16 million.

On the ADSM, Abu Dhabi Commercial Bank slipped 40 fils to Dh54.60 and Qutel dropped Dh2 to Dh133, while Emirates Insurance, Union National Bank and National Marine Dredging remained unchanged for the day.

First Gulf Bank advanced five fils to Dh5.85 on a volume of 191,300 shares, which were valued at over Dh1.1 million, while Al Khazna Insurance rose Dh2.50 to Dh115, Al Wathba Insurance increased five fils to Dh3.30 and Abu Dhabi Islamic Bank finished with gains of 20 fils at Dh16.45 on a volume of 61,138 shares, which were valued over Dh1 million. Etisalat advanced Dh2 to Dh132.50 on a volume of 75,217 shares, which were valued at over Dh9.98 million and Abu Dhabi Aviation rose 90 fils to Dh65.90 on a volume of 22,075 shares, valued at over Dh1.45 million.

The National Bank of Abu Dhabi Emirates Stock Markets Index (NBAD ESMI), which tracks the DFM and the ADSM listed shares, advanced 8.78 points to 1,449.94. The NBAD ESMI banking sector index rose 1.67 points to 1,656.24, while the NBAD ESMI service sector index was up 12.47 points to 1,121.84 and the NBAD ESMI insurance sector index finished with gains of 6.33 points at 1,202.03.

Emirates Financial Services (EFS) reported trading in three shares on the OTC market with Bank of Sharjah falling Dh3 to Dh19 on a volume of more than 1.76 million shares, which were valued at over Dh33.49 million. National Bank of Sharjah advanced 19 fils to Dh8.37 on a volume of 119,911 shares, valued at over Dh1 million.

Emnex advanced 8.73 points to 2,372.82 as the telecom sub-index rose 17.74 points to 1,242.13 and the Islamic sub-index finished with gains of 7.73 points at 1,021.92. The insurance sub-index also advanced 2.54 points to 1,327.84, while the financial services sub-index declined 6.11 points to 2,676.07 and the property sub-index remained unchanged.

The NBAD market review listed just one mover on the OTC market in Abu Dhabi Cooperative Society, which declined Dh1 to Dh109.

The NBAD general index advanced 19.92 points to 3,616.43. The NBAD banking sector index rose 3.27 points to 3,718.2, while the NBAD service sector index advanced 47.6 points to 4,281.2 and the NBAD insurance sector index finished with gains of 8.51 points at 2,718.25.

EFS reported the cumulative market volume for the day at more than 2.62 million shares, which were valued at over Dh55.07 million.

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