Arab Today, arab today uae bourses post gains
Last Updated : GMT 05:57:54
Arab Today, arab today
Arab Today, arab today

UAE bourses post gains

Arab Today, arab today

Arab Today, arab today UAE bourses post gains

Dubai - Arabstoday

Market shares in Dubai resumed their rally on Sunday after it was disrupted last week on heightened fears of a collapse of the Greek debt swap deal potentially resulting in chaos across global markets The Dubai Financial Market (DFM) General Index gained 4.73 per cent on Sunday to close at 1,686.66, the biggest rally since December 2009. The DFM index slumped 4.82 per cent on Thursday, the most in nearly two years, to 1,607.77 as local investors rushed to book profits ahead the Greek debt swap deal. Analysts said that the success of the Greek deal has revived investor confidence and some of those who took profits on Thursday returned to the market on Sunday. \"The big surge yesterday was supported by a combination of factors such as strong oil prices, stronger-than-forecast US jobs data and more than everything the return of market confidence following the success of the Greek debt swap,\" said a Dubai based broker. Arabtec Holding surged 9.74 per cent as the DFM stock surged 9.73 per cent. Tamweel\'s shares gained 6.56 per cent. Tabreed gained 3.7 per cent. DFM and Tamweel counters also traded large volumes of 99 million and 46 million shares respectively. Abu Dhabi\'s ADX General Index increased one per cent, the most since February 26. The market traded close to 140 million shares worth Dh159 million in 1,840 trades. Key property sector shares such as Aldar Properties and Sorouh Real Estate gained close to 8 per cent each on Sunday on the news that these companies are studying a possible merger with the blessings of the Abu Dhabi government. Aldar and Sorouh shares have rallied this year after Abu Dhabi said it plans to resume projects including branches of the Louvre and Guggenheim museums after reviewing their viability. Aldar, which is building thousands of homes and offices in Abu Dhabi, received Dh36 billion in government support last year and the company sold assets including a Ferrari theme park to the state. Aldar has rallied about 33 per cent this year following a 60 per cent slump in 2011. Sorouh has jumped 44 per cent this year after losing 48 per cent last year. In the banking sector National Bank of Abu Dhabi gained 2.2 per cent as National Bank of Umm Al Qaiwain and Union National Bank gained close to 10 per cent and 4 per cent respectively. Out of the 29 shares traded yesterday 20 reported gains as 6 declined indicating a return of investors to the market. Market operators said there are signs of recovery in sentiment, and the rally could be sustained for the week ahead. Across the GCC other leading market indices such as Oman\'s MSM 30 Index and Qatar\'s QE Index advanced 0.5 per cent each. Kuwait\'s Stock Exchange Index decreased 0.4 per cent. Bahrain\'s BB All Share Index fell one per cent, snapping a four-day rally. 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 uae bourses post gains Arab Today, arab today uae bourses post 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 uae bourses post gains Arab Today, arab today uae bourses post gains

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
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 Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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