UAE stocks extended their losses at the end of weekly trading yesterday, with the index of 26 companies that traded in Dubai falling 1.3 per cent to close at 6,060.18 and shares in Abu Dhabi ending down 0.8 per cent at 4,842.87 points.
Dubai Financial Market, or DFM Co, led the losers in Dubai with a fall of 9.1 per cent from Dh6.42 to Dh5.82, although it paced the main index. Shares in DFM Co reached 137 million valued at Dh833.4 million.
The Dubai measure saw 15,910 trades from 20 companies that declined, five that advanced and one that remained unchanged. It posted shares value of Dh3.7 billion.
Arabian Scandinavian Insurance was also a big loser with a drop of five per cent to Dh2.09 followed by the country's largest publicly traded Islamic finance company, Amlak Finance, which declined 4.6 per cent to Dh5.22.
The largest publicly listed real-estate developer in the Middle East and Africa, Emaar Properties, slipped 0.7 per cent from Dh14.85 to Dh14.50. Its shares value was Dh711.2 million.
The gainers were led by Oman Insurance Co and National Cement Co, which climbed five per cent each from Dh10 to Dh10.50 and from Dh11.05 to Dh11.60, followed by Commercial Bank of Dubai with a rise of 4.9 per cent from Dh12.50 to Dh12.95.
Abu Dhabi's telecommunications sector ended down 1.6 per cent at 3,404.24 points while the healthcare sector was the sole gainer with a 1.8-per cent rise at 1,932.84.
Commercial Bank International trailed all other listed companies on the Abu Dhabi Securities Market (ADSM) Index with a fall of 6.3 per cent to Dh3.41 followed by Oman & Emirates Investment Holding Co, which slid 5.6 per cent to Dh32 and Sharjah Islamic Bank with a slip of 4.1 per cent to Dh4.72.
Advancing 9.6 per cent to Dh8.80, Gulf Medical Projects Co topped ADSM for the third day straight. Bank of Sharjah Convertible Bonds, which also topped the benchmark on Tuesday and Wednesday, was still a big gainer at 5.9 per cent to Dh142.17. Source
Dubai Financial Market, or DFM Co, led the losers in Dubai with a fall of 9.1 per cent from Dh6.42 to Dh5.82, although it paced the main index. Shares in DFM Co reached 137 million valued at Dh833.4 million.
The Dubai measure saw 15,910 trades from 20 companies that declined, five that advanced and one that remained unchanged. It posted shares value of Dh3.7 billion.
Arabian Scandinavian Insurance was also a big loser with a drop of five per cent to Dh2.09 followed by the country's largest publicly traded Islamic finance company, Amlak Finance, which declined 4.6 per cent to Dh5.22.
The largest publicly listed real-estate developer in the Middle East and Africa, Emaar Properties, slipped 0.7 per cent from Dh14.85 to Dh14.50. Its shares value was Dh711.2 million.
The gainers were led by Oman Insurance Co and National Cement Co, which climbed five per cent each from Dh10 to Dh10.50 and from Dh11.05 to Dh11.60, followed by Commercial Bank of Dubai with a rise of 4.9 per cent from Dh12.50 to Dh12.95.
Abu Dhabi's telecommunications sector ended down 1.6 per cent at 3,404.24 points while the healthcare sector was the sole gainer with a 1.8-per cent rise at 1,932.84.
Commercial Bank International trailed all other listed companies on the Abu Dhabi Securities Market (ADSM) Index with a fall of 6.3 per cent to Dh3.41 followed by Oman & Emirates Investment Holding Co, which slid 5.6 per cent to Dh32 and Sharjah Islamic Bank with a slip of 4.1 per cent to Dh4.72.
Advancing 9.6 per cent to Dh8.80, Gulf Medical Projects Co topped ADSM for the third day straight. Bank of Sharjah Convertible Bonds, which also topped the benchmark on Tuesday and Wednesday, was still a big gainer at 5.9 per cent to Dh142.17. Source
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