Wednesday, Nov 13, 2013
Dubai: UAE shares marginally rose on Wednesday after a few sessions of sell off when investors booked profits ahead of an expected volatility in the run up to the final decision of Expo 2020 later this month.
The DFM stock benchmark index closed 0.47 per cent higher to end at 2813.93. The volume traded was lower than on Tuesday, declining from 442.01 million shares to 359.23 million. The turnover stood at Dh504.25.
Of the 33 stocks traded, 18 advanced, 13 retreated and 2 remained flat. The gains were led by Emaar Properties, which was the most active stock in terms of value traded. The stock, which has the biggest weight on the DFM General index, increased 0.17 per cent to Dh5.94.
Arabtec and Drake and Scull jumped 1.17 per cent and 0.78 per cent respectively. Dubai Investments and Dubai Islamic Bank were among the other most active stocks that also ended in positive territory. DIC rose 1.92 per cent to Dh2.12 and DIB gained 1 per cent to Dh4.06.
In Abu Dhabi, the gauge was almost flat, rising a mere 0.08 per cent to 3785.14. Majority of the 31 stocks traded either fell or remained unchanged. Eleven each declined and were flat and nine closed higher.
Aldar Properties was up 0.40 per cent to Dh2.51. Etisalat advanced 0.43 per cent to Dh11.55. Among the ones, which were unchanged included First Gulf Bank, Rak Properties and Dana Gas.
By Gaurav Ghose Financial Features Editor
Gulf News 2013. All rights reserved.
