Tuesday, Nov 26, 2013
Dubai: UAE shares rose continued to trade sideways as Dubai’s stock benchmark index rose moderately and Abu Dhabi’s measure remained flat. Investors remained cautious a day before the Expo 2020 decision on Wednesday.
The Dubai Financial Market General Index rose 0.56 per cent to close at 2884.53. The total number of shares traded stood at 279.91 million that were worth Dh481.51 million. Of the 29 stocks traded, 16 advanced, 11 declined and two remained unchanged.
In Abu Dhabi, the ADX General Securities Index climbed a mere 0.05 per cent to 3816.91. The turnover was Dh395.96 million for a total of 208.66 million shares traded. Majority of shares declined Of the 30, 14 retreated, and eight stocks each rose and remained unchanged.
In Dubai, Emaar Properties, the stock with the biggest weight on the index, was the most active in terms of value traded. It gained 1.30 per cent to close at Dh6.22. Others to advance included Dubai Investments, up 0.91 per cent, Arabtec, which climbed 1.96 per cent and Dartakaful, which jumped 14.56 per cent. In Abu Dhabi, National Bank of Fujairah was the biggest loser, slipping 10 per cent to Dh3.33. Taqa also slid 2.26 per cent to Dh1.30. Aldar Properties was unchanged at Dh2.41.
By Gaurav Ghose Financial Features Editor
Gulf News 2013. All rights reserved.
