Arab Today, arab today abu dhabi bourse reports gain
Last Updated : GMT 04:31:04
Arab Today, arab today
Arab Today, arab today

Abu Dhabi bourse reports gain

Arab Today, arab today

Arab Today, arab today Abu Dhabi bourse reports gain

Dubai - Arabstoday

The Abu Dhabi Securities Exchange (ADX) gained the most this month on rising commodity prices and an improved international backdrop. The bourse gained 32.38 points, or 1.28 per cent, to 2,571.58, its highest close since September 15, with real estate stocks seeing the bulk of the buying interest. Aldar Properties added 4.55 per cent to Dh1.15 and Sorouh gained 2.68 per cent to Dh1.15. \"The main reason for the strong performance is the dividend yields announced over the last few weeks,\" said Marwan Shurrab, the vice-president and chief trader at Gulfmena Investments. \"We are also seeing stability across international markets, which are continuing their up-trend on expectations for growth in the world economy and rising commodity prices... In terms of raw materials, costs are rising due to tension in the region. For GCC governments, this money translates into more infrastructure spending, which in turn helps beef up the economy and accelerate growth rates,\" he added. Article continues below Telco etisalat, the company with the largest weighting on the ADX, dragged after saying it had launched legal proceedings against its Indian joint venture partners. The company\'s stock fell 0.21 per cent to Dh9.5. Of the 29 companies traded, 22 rose, four fell and three closed unchanged. Some 184.1 million shares worth Dh212.9 million were traded. Elsewhere in the region, Saudi Arabia\'s Tadawul All Share Index was little changed, Qatar\'s measure rose 0.5 per cent, Bahrain\'s bourse jumped 0.91 per cent, Kuwait\'s gauge closed flat and Muscat\'s exchange edged 0.3 per cent higher. Dubai Turnover on Dubai\'s benchmark index hit an almost two-year high on Sunday amid growing confidence in the local economy following a wave of solid company earnings and dividends. The Dubai Financial Market (DFM) General Index added 2.71 per cent to 1,676.49, its highest close since April 21, with the value of shares traded hitting Dh713.4 million, the highest since April 2010. Volumes reached 705 million shares, six times the 12-month daily average of 117 million, according to Bloomberg data. \"The [high] turnover is good to see and beneficial for UAE markets. However, what is more integral is maintaining that turnover; it is important we do not see these levels for one month only before they disappear,\" said Marwan Shurrab, the vice-president and chief trader at Gulfmena Investments. \"The DFM has been the worst performing market in the GCC for the past two years — losing 17 per cent in 2011 and 9.6 per cent in 2010,\" he added. Property stocks benefited from the buoyant sentiment amid hopes that soaring commodity prices, particularly crude oil, could translate into increased infrastructure spending in the UAE\'s real estate sector. Bellwether Emaar Properties jumped 3.29 per cent to Dh3.14, Deyaar gained 12.37 per cent to Dh0.445 and Union Properties closed at Dh0.451, up 0.22 per cent. Sharjah-based budget carrier Air Arabia rose 0.67 per cent to Dh0.746 after posting a 7 per cent increase in fourth quarter profit. Arabtec added 2.3 per cent to a 10-month high of Dh2.12. Of the 29 companies traded, 22 rose, five fell and two closed unchanged.  

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 abu dhabi bourse reports gain Arab Today, arab today abu dhabi bourse reports gain

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed

GMT 09:00 2017 Thursday ,16 February

Bahrain Bourse daily trading report
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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