Arab Today, arab today uae bourses \still anticipating guidance\
Last Updated : GMT 06:45:19
Arab Today, arab today
Arab Today, arab today

UAE bourses \'still anticipating guidance\'

Arab Today, arab today

Arab Today, arab today UAE bourses \'still anticipating guidance\'

Dubai - Arabstoday

The Abu Dhabi Securities Exchange (ADX) fell 0.55 per cent to 2,585.80 on Tuesday. Consumer staples and banking stocks weighed on the bourse with Abu Dhabi Commercial Bank, the UAE\'s third largest lender by assets, tumbling 2.33 per cent to an almost 11-week low of Dh2.93. First Gulf Bank declined 1.91 per cent to Dh15.25 and Bank of Sharjah lost five per cent to Dh1.7. Telco etisalat and real estate developers Aldar Properties and Sorouh all closed flat. \"Local bourses are still anticipating guidance from international market performance,\" said Marwan Shurrab, vice-president and chief trader at Gulfmena Investments. Article continues below \"There has been a high correlation between our markets and global news events over the last few months. Commodity prices dropped lower yesterday and US future were also down; such movements affect local market performance,\" he added. The International Fish Farming Holding Company led losses for a second consecutive day, falling 9.8 per cent to Dh4.14. Methaq Takaful Insurance Company slipped 0.71 per cent to Dh1.4 and Dana Gas shed 1.79 per cent to Dh0.54. Of the 28 companies traded, five rose, 18 fell and five closed unchanged. Some 40.1 million shares worth Dh67.8 million were traded. Elsewhere in the region, Saudi Arabia\'s Tadawul All Share Index plunged 1.34 per cent, Qatar\'s measure rose 0.28 per cent, Bahrain\'s bourse was little changed, Kuwait\'s index added 0.2 per cent and Muscat\'s exchange slipped 0.4 per cent. DFM General Index The Dubai Financial Market (DFM) General Index dropped for a second consecutive session amid fresh worries over sluggish growth in the Eurozone. The bourse slipped 0.27 per cent to 1,466.50 as European shares tumbled on disappointing GDP growth in the bloc\'s powerhouse Germany and stagnation in France. The negative global sentiment shaped regional attitudes amid thin local news flow. Property and banking stocks weighed particularly on earnings with bellwether Emaar falling 0.36 per cent to Dh2.8 and Drake and Scull International dropping 1.11 per cent to Dh0.89. Emirates NBD, the UAE\'s largest lender by assets, lost 1.97 per cent to Dh3.99 despite credit agency Fitch removing the bank\'s negative viability rating. \"The major news was the GDP numbers for Germany, which were flat for the quarter,\" said Marwan Shurrab, vice-president and chief trader at Gulfmena Investments. \"This renewed fears over a potential slowdown in economic recovery and most global markets saw a sell-off across the board yesterday,\" he added. Union Properties led losses, dropping 3.43 per cent to a more than four-month low of Dh0.366. The property developer last week reported a Dh439 million net loss for the first six months of the year. Deyaar lost 1.45 per cent to Dh0.271 and Sharjah-based low budget carrier Air Arabia slipped 0.64 per cent to Dh0.622. Telco du bucked the negative trend, climbing 0.66 per cent to Dh3.04.  

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 \still anticipating guidance\ Arab Today, arab today uae bourses \still anticipating guidance\

 



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*

Arab Today, arab today uae bourses \still anticipating guidance\ Arab Today, arab today uae bourses \still anticipating guidance\

 



Arab Today, arab today Jordanian girls managed to design gowns

GMT 18:13 2017 Friday ,14 July

Jordanian girls managed to design gowns
Arab Today, arab today US to ban travel to North Korea

GMT 15:20 2017 Friday ,21 July

US to ban travel to North Korea
Arab Today, arab today Al-Jeddawi presents décor ideas for Ramadan

GMT 14:44 2017 Monday ,29 May

Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today SOHR confirms death of Daesh leader

GMT 14:54 2017 Tuesday ,11 July

SOHR confirms death of Daesh leader
Arab Today, arab today Media council abandon complaint against writer

GMT 20:53 2017 Wednesday ,14 June

Media council abandon complaint against writer
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today AED 1.5 bn in humanitarian , developmental

GMT 04:23 2017 Saturday ,24 June

AED 1.5 bn in humanitarian , developmental
Arab Today, arab today Transformation in Saudi women’s role in labor
Arab Today, arab today 'Don' and 'Hilary' storm near US

GMT 00:47 2017 Friday ,21 July

'Don' and 'Hilary' storm near US
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Kinda Aloush reveals reason behind her absence

GMT 14:40 2017 Monday ,17 July

Kinda Aloush reveals reason behind her absence
Arab Today, arab today FANC warns of threats against meadows, pastures

GMT 15:42 2017 Wednesday ,21 June

FANC warns of threats against meadows, pastures

GMT 14:56 2017 Saturday ,15 July

Ahmed Zaher praises reactions to “Case G”

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 15:54 2017 Wednesday ,17 May

Saudi Arabia ranks first in Ramadan tourism

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 18:26 2017 Saturday ,15 July

Luxury smartphone maker Vertu to close down
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