Arab Today, arab today dfm index falls adx gains
Last Updated : GMT 11:30:55
Arab Today, arab today
Arab Today, arab today

DFM Index falls, ADX gains

Arab Today, arab today

Arab Today, arab today DFM Index falls, ADX gains

Dubai - Arabstoday

The Dubai Financial Market (DFM) index fell again on Tuesday, though marginally, as profit-taking by investors cashing in on the market’s recent gains continued. Overall, the market index is nudging upwards, helped by some strong second quarter corporate earnings, although the downside risks remain as the economies in Europe and the US are slowing. The volume of trade on the Dubai market fell compared to the first two days this week due to the absence of a catalyst and lack of investor interest due to Ramadan. The DFM index closed at 1,556.79, down 0.15 per cent. Around 60.92 million shares, cumulatively worth about Dh80.86 million were traded on the stock market. Analysts say the market is well poised for a sustained rally if the global macro-economic indicators take a turn for the better and the US Federal Reserve announces a third round of quantitative easing to shore up a flagging domestic economy and the European Central bank comes out with its own quantitative easing. As many as 9.88 million shares of real estate major Emaar, cumulatively valued at around Dh33.59 million were traded on the market yesterday, its stock closing 1.17 per cent lower at Dh3.38.Of the 29 company stocks traded yesterday, 12 rose, while 13 fell and 4 closed unchanged. The day’s top gainer was AlMadina, its stock rising 8.1 per cent to close at Dh0.681. DEPA was the day’s main loser, its shares fell 10.86 per cent to close at Dh0.320. The shares of Emaar were the most traded in terms of value while Air Arabia’s shares were the most traded by volume. Abu Dhabi The Abu Dhabi Securities Exchange (ADX) general index recovered on Tuesday to reclaim most of the gains it surrendered on Monday as investors regained confidence on positive global sentiments and higher oil prices. However, the investor participation remained low due to lack of catalysts and Ramadan, which reflected in the low turnover on the market. The market has generally been trading in the positive territory in recent days on the back of some strong second quarter corporate earnings, particularly from the banking sector. The ADX general index closed yesterday at 2,510.87, led by gains in banking, real estate and energy companies although shares of telecommunication services and investment and financial services companies declined, which pared the index’s gains. Analysts say participation of foreign investors on the market remains low despite attractive valuations for several stocks, some of which continue to trade near their lifetime lows. Yesterday, around 46.19 million shares, cumulatively worth about Dh70.04 million were traded on the Abu Dhabi stock market. Of the 29 company stocks traded, 10 advanced, while 10 declined and 9 closed unchanged. The stock of Abu Dhabi’s real estate major Aldar Properties closed yesterday at Dh1.22, 0.83 per cent higher, though Sorouh Real Estate’s shares fell 0.93 per cent to close at Dh1.22. About 8.83 million shares of Aldar, cumulatively worth about Dh10.75 million changed hands on the market. The potential merger between Aldar and Sorouh, remains a catalyst for the market, maintain experts. The top gainer on the Abu Dhabi market yesterday was Qatar Telecom, its shares closing 4.95 per cent higher at Dh106.. Watania was the day’s top loser, its stock closing 6.93 per cent lower at Dh0.97. Etisalat’s stock was the most traded in terms of value while Aldar’s shares were the most traded by volume. From:Gulfnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dfm index falls adx gains Arab Today, arab today dfm index falls adx gains

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dfm index falls adx gains Arab Today, arab today dfm index falls adx gains

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday