UAE shares end on a positive note

Tuesday, Dec 17, 2013

Dubai: Banks, investment and financial shares lifted the UAE indices higher on Tuesday.

Dubai’s benchmark index - DFM - closed 0.28 per cent up at 3144.04 points while Abu Dhabi’s ADX index closed 1.28 per cent up at 4103.59 points.

Among the gainers on Dubai bourse, Al Salam Sudan rose 7.56 per cent to Dh1.85, followed by Emirates NBD by 3.60 per cent to Dh5.75 and Mashreq Bank by 3.49 per cent to Dh89.

National Industries Group suffered the worst by 9.79 per cent to Dh12.90, followed by International Financial Advisors by 4.48 per cent to Dh1.28 and Takaful-EM by 3.33 per cent to Dh0.785.

Of the 31 companies traded, 14 rose, 13 fell and four remained unchanged.

About 291.43 million shares worth Dh547.14 million were traded on Tuesday.

Emaar was the active value leader and Deyaar was the active volume leader on Dubai bourse.

Abu Dhabi

In Abu Dhabi, Waha rose by 14.91 per cent to Dh1.85, followed by Umm Al Quwain Cement Industries by 8.33 per cent to Dh1.30 and Sharjah Islamic Bank by 7.48 per cent to Dh1.58.

Rally in AerCap Holdings lifted Waha shares the most since 2004. Waha own 26.3 per cent stake in AerCap.

Union Cement suffered the worst by 9.88 per cent to Dh1.55, followed by Finance House by 9.74 per cent to Dh3.15 and Green Crescent Insurance Company by 9.42 per cent to Dh1.25.

Of the 37 companies traded, 20 rose, 13 declined and four closed unchanged.

About 417.21 million shares worth Dh780.68 million were traded on Tuesday.

Eshraq was the active volume and value leader.

By Naushad K.?Cherrayil Staff Reporter