uae bourses gain in anticipation of strong earnings
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

UAE bourses gain in anticipation of strong earnings

Arab Today, arab today

Arab Today, arab today UAE bourses gain in anticipation of strong earnings

Dubai - Arabstoday

The Dubai Financial Market (DFM) index rose more than 1 per cent in anticipation of strong second quarter corporate earnings and expectations the US Federal Reserve would do a third round of quantitative easing next month to shore up a flagging domestic economy. Trading volumes on the market rose as investors took positions ahead of the declaration of the second quarter results. Analysts say economic slowdown in the US, China and Europe will keep the market range bound, near-term with second quarter earnings, global oil prices and international market sentiments broadly setting the Dubai market’s direction. The DFM index closed at 1,546.21, up 1.1 per cent. Around 167.82 million shares, cumulatively worth about Dh214.56 million were traded on the stock market. As many as 20.58 million shares of real estate major Emaar, cumulatively valued at around Dh67.29 million were traded on the market yesterday, its stock closing 0.92 per cent higher at Dh3.30. Of the 27 company stocks traded yesterday, 15 rose, while 11 fell and one closed unchanged. The day’s top gainer was Deyaar, its stock rising 6.69 per cent to close at Dh0.335. AlSalamsudan was the day’s main loser, its shares fell 6.76 per cent to close at Dh1.38. The shares of Emaar were the most traded by value while Deyaar’s shares were the most traded in terms of volume. Abu Dhabi: The Abu Dhabi Securities Exchange (ADX) general index gained yesterday, though marginally amid lacklustre trade as major investors stayed away ahead of Ramadan. The ADX general index closed yesterday at 2,463.62, up 0.04 per cent led by a rise in telecommunication stocks. However, declines in real estate, energy and banking stocks capped the market’s upside move. Analysts say participation of foreign investors on the market remains low despite attractive valuations for several stocks, some of which are trading near their lifetime lows. The market is expected to trade in a range until second corporate quarter earnings are declared, which would set its direction, near-term. Blue chip real estate stock Aldar Properties closed 0.89 per cent lower while Sorouh Real Estate’s shares closed unchanged. The potential merger between Aldar and Sorouh remains a catalyst for the market, experts have said. Yesterday, around 21.72 million shares, cumulatively worth about Dh35.3 million were traded on the Abu Dhabi stock market. Of the 25 company stocks traded, only six advanced, while six declined and 13 closed unchanged. The stock of Abu Dhabi’s real estate major Aldar closed yesterday at Dh1.12. About 5.49 million shares of Aldar, cumulatively worth about Dh6.11 million changed hands on the market. The top gainer on the Abu Dhabi market yesterday was Gulf Cement Co, its shares rising 9.47 per cent to Dh1.04 by the close of trading. Methaq was the day’s top loser, its stock closing 2.94 per cent lower at Dh0.98. The shares of regional telecommunications major etisalat were the most traded by value while Aldar’s shares were the most traded by volume. From gulfnews

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
Arab Today, arab today
Arab Today, arab today

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*

uae bourses gain in anticipation of strong earnings uae bourses gain in anticipation of strong earnings

 



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*

uae bourses gain in anticipation of strong earnings uae bourses gain in anticipation of strong earnings

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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