Monday, May 06, 2013
Dubai: Investors booked profits on the Dubai bourse following a sharp rally in recent days.
The index slipped 0.89 per cent to 2,149.53 points, weighed by real estate and banking shares. The index hit a new high on Sunday.
Commercial Bank of Dubai (CBD), which set plans for its first-ever bond sale on Monday, fell 8.11 per cent.
“The programme will help the bank to capitalise its future business opportunities and will enable CBD to benefit from an improving economic cycle” in the UAE, chief executive officer Peter Baltussen said in a statement on Dubai bourse.
Among the losers, CBD was followed by Air Arabia which dipped by 3.01 per cent and Deyaar by 2.74 per cent.
DP World was the biggest gainer by 2.49 per cent, followed by Ajman Bank by 1.68 per cent and DFM by 1.57 per cent.
Of the 27 companies traded, six rose, 16 fell and five remained unchanged. About 409.67 million shares worth Dh473.29 million were traded.
Hits Telecom was the active volume and value leader.
Meanwhile, Abu Dhabi’s benchmark climbed 0.35 per cent to 3,318.49 points as Qtel and Gulf Cement rose more than 14 per cent.
Of the 38 companies traded, 21 rose, 12 fell and five remained unchanged. About 182.73 million shares worth Dh209.54 million were traded.
Eshraq was the active volume and value leader.
By Naushad K. ?Cherrayil Staff Reporter
Gulf News 2013. All rights reserved.
