Shares in Dubai yesterday dropped 0.8 per cent
Shares in Dubai yesterday dropped 0.8 per cent to close at 5,435.95 while those in Abu Dhabi added 0.5 per cent at 4,760.34 points, with Emirates Telecommunications (Etisalat) Corp leading the gains.
Aramex lost 4.2 per cent to Dh2.73 on the Dubai Financial Market (DFM) General Index while International Financial Advisers, a Kuwaiti shareholding company, slumped 7.2 per cent to Dh11.60 and Salam International fell 14.3 per cent to Dh16.20.
Shares value on DFM reached Dh829.4 million compared with the 50-day average of Dh1.53 billion, based on a report by Bloomberg.
Aramex lost 4.2 per cent to Dh2.73 on the Dubai Financial Market (DFM) General Index while International Financial Advisers, a Kuwaiti shareholding company, slumped 7.2 per cent to Dh11.60 and Salam International fell 14.3 per cent to Dh16.20.
Shares value on DFM reached Dh829.4 million compared with the 50-day average of Dh1.53 billion, based on a report by Bloomberg.
Trading values on the Abu Dhabi Securities Market (ADSM) Index amounted to Dh608.9 million compared with the 50-day average of Dh914 million.
Etisalat surged 1.5 per cent to Dh21 as it cut its stake in Etihad Etisalat Co to 26.25 per cent based on an agreement during the creation of its Saudi Arabian unit. The UAE's biggest telephone company had owned a 35-per cent stake in Etihad Etisalat.
National Bank of Abu Dhabi, the second-largest bank in the UAE by assets, advanced 1.3 per cent to Dh19.80 on plans to open its first branch in the Far East. It picked Hong Kong for this year's first expansion to some of the world's fastest-growing markets.
Etisalat surged 1.5 per cent to Dh21 as it cut its stake in Etihad Etisalat Co to 26.25 per cent based on an agreement during the creation of its Saudi Arabian unit. The UAE's biggest telephone company had owned a 35-per cent stake in Etihad Etisalat.
National Bank of Abu Dhabi, the second-largest bank in the UAE by assets, advanced 1.3 per cent to Dh19.80 on plans to open its first branch in the Far East. It picked Hong Kong for this year's first expansion to some of the world's fastest-growing markets.
The UAE-based power and oil producer, Abu Dhabi National Energy Co, fell 2.1 per cent to Dh3.19 as it announced plans to invest at least Dh16.8 billion ($4.5 billion) in power stations in Saudi Arabia and North America. The company has said that it will ask shareholders to approve the sale of Dh4.15 billion worth of convertible bonds.
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