Sunday, May 04, 2014
Abu Dhabi: Both the Dubai Financial Market (DFM) Index and the ADX Securities Index started the month with growth in trade, as the DFM Index climbed 3.33 per cent on Sunday to end at 5,247.29.
Meanwhile, the ADX Securities Index rose 0.30 per cent to end 5,073.54.
The rise in DFM marks the biggest jump in shares since January.
Emaar ended the day with the most change in value as its share price rose 6.31 per cent to close at Dh10.45. Shares for Dubai Islamic Bank also climbed 5.47 per cent as the lender’s first-quarter profit more than doubled.
Others movers of the day include Union Properties, which rose 5.38 per cent in value, and Deyaar Development, whose share price increased by 3.66 per cent after reporting Dh1.3 billion in January to April sales.
Abu Dhabi
In Abu Dhabi, RAK Properties registered the greatest increase in volume of trade by growing 3.97 per cent. Waha Capital increased 2.31 per cent in volume, followed by Dana Gas at 1.18 per cent.
Of the 33 stocks traded on DFM, 20 went up, 10 went down, and three remained unchanged. Of the 29 stocks traded on ADX, 15 advanced, 12 declined, and two remained flat.
With inputs from Bloomberg
By Sarah Diaa Staff Reporter
Gulf News 2014. All rights reserved.
