Arab Today, arab today uae markets rise in tandem
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

UAE markets rise in tandem

Arab Today, arab today

Arab Today, arab today UAE markets rise in tandem

Dubai - Arabstoday

The UAE markets rose in tandem on Monday, with Dubai Financial Market gaining 0.50 per cent and Abu Dhabi Securities Exchange 0.43 per cent. The DFM index, which reached a four-year high on Sunday, closed at 2196.02. However, the decliners were more in numbers than the gainers. Of the 30 companies that traded on DFM, 18 declined, five advanced and seven remained flat. The capital’s index ended at 3418.93. “Some profit taking [was seen] today after strong performance over the past few weeks,” said Saleem Khokhar, head of equities at National Bank of Abu Dhabi’s asset management group. He added that the UAE and GCC markets remain underpinned by underlying fundamentals and whilst near volatility is likely. “I would expect the GCC markets to move higher despite the usual summer slowdown effect. Overall interest in equity markets remains strong and investor confidence has increased significantly,” Khokhar said. Commercial Bank of Dubai was the biggest gainer, soaring 14.29 per cent to close at Dh4. Other gainers included Tamweel, up 2.40 per cent to Dh1.28; Emirates NBD, advancing 1.90 per cent to Dh5.35 and Dubai Islamic Bank, which was up 2.44 per cent to Dh2.94. Emaar Properties, the second highest traded stock, remained unchanged at Dh5.55. Arabtec and Tabreed were among the prominent losers, declining 0.85 per cent and 1.17 per cent respectively. In Abu Dhabi, of the 38 companies that traded, 18 gained, nine declined and 11 remained unchanged. Aldar Properties lost 0.64 per cent to close at Dh1.55. Etisalat also fell, retreating 0.84 per cent to Dh11.85. First Gulf Bank advance 1.02 per cent to Dh14.90. Source: Gulfnews.com

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 markets rise in tandem Arab Today, arab today uae markets rise in tandem

 



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 markets rise in tandem Arab Today, arab today uae markets rise in tandem

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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