Wednesday, Nov 06, 2013
Dubai: UAE markets continued to be lacklustre as Dubai benchmark remained flat and Abu Dhabi declined yesterday.
The capital’s index Abu Dhabi Securities General Index was down 0.21 per cent. The total turnover remained almost unchanged at Dh387.54 million. Total shares traded stood at 215.75 shares. Of the 30 shares traded, 14 closed higher, 11 declined and five remained unchanged.
In Dubai, despite higher volumes and traded value, the DFM General Index remained unchanged at 2902.51. A total of 341.86 million shares exchanged hands, which were valued at Dh525.16, an increase of 38.51 per cent from the previous session. Of the 30 stocks traded, 14 advanced, 12 retreated and four remained flat. Emaar Properties was the most active stock in terms of value and closed 0.83 per cent higher at Dh6.10. Arabtec, the region’s biggest construction company which was awarded a Dh1.8 billion contract for the construction of a mixed-use high rise tower on Sheikh Zayed Road, ended flat at Dh2.70.
Drake & Scull, which announced a six fold jump in profits for the third quarter missing analysts’ forecasts, was also unchanged at Dh 1.25. Union Properties lost 0.20 per cent to Dh0.988.
Logistics company Agility was the biggest loser, sinking 9.79 per cent to Dh 10.60.
In Abu Dhabi, Aldar Properties rose 0.74 per cent to Dh2.71, etisalat, which announced on Tuesday that it is buying 53 per cent controlling stake in Morocco’s Maroc Telecom, remained flat at Dh11.70.
By Gaurav Ghose Financial Features Editor
Gulf News 2013. All rights reserved.
