Thursday, Nov 21, 2013
Dubai: The Dubai and Abu Dhabi stock indices ended this week in the positive, gaining 2.33 per cent and 0.99 per cent respectively. A week ago, both had retreated.
The DFM General Index rose marginally to end 0.10 per cent higher to 2891.16. After three straight days of being the most active stock, when it climbed 4.60 per cent, Emaar Properties witnessed some profit booking yesterday. It remained the most active stock in terms of value traded, which was worth Dh132.09 million, but lost 0.32 per cent to end at 6.26.
Majority of stocks traded declined. Of the 31 stocks traded, 16 declined, 11 advanced and four remained flat.
In Abu Dhabi, the ADX General Index fell 0.20 per cent to 3831.78. Total volume of shares traded stood at 210.89 million, which were worth Dh340.09 million, which was higher than Wednesday’s Dh296.58 million. Of the 34 stocks traded, 13 rose, 11 retreated and 10 were unchanged.
In Dubai, among the stocks with the highest turnover, Dubai Investments surged 2.78 per cent to Dh2.22; Dubai Islamic Bank jumped 1.91 per cent and Arabtec climbed 0.76 per cent to Dh2.66. Union Properties lost 0.42 per cent to close at Dh0.42. Dubai Financial Market, the region’s only bourse to be listed on an exchange, remained flat at Dh2.21.
In Abu Dhabi, among the top five active stocks, Aldar Properties closed 0.81 per cent to Dh2.46. Those which ended in positive territory included Abu Dhabi Commercial Bank, which was up 0.40 per cent to Dh5.07 and Bildco (Abu Dhabi National Co for Building Materials), which rose 0.94 per cent to Dh1.07. Etisalat was flat at Dh11.60.
BY Gaurav Ghose Financial Features Editor
Gulf News 2013. All rights reserved.
