Business | Markets
Abu Dhabi index rises for fourth straight day
The Dubai Financial Market General Index dropped 0.4 per cent on Tuesday.
- Reuters
- Published: 21:31 June 3, 2008
Dubai: The Dubai Financial Market General Index dropped 0.4 per cent on Tuesday.
The measure gained 3.1 per cent in the previous five days. The Abu Dhabi Securities Exchange General Index added 0.4 per cent, increasing for a fourth day.
Commercial Bank of Dubai dropped 3.72 per cent, pulling the main index down to 5,790.69.
First Gulf Bank rose 1.2 per cent, lifting Abu Dhabi's benchmark index to 5,113.43.
Saudi Arabian stocks declined as investors sold shares to buy into Alinma Bank, the kingdom's largest share sale for five years, that started trading on Tuesday. Saudi British Bank and Riyad Bank led the fall.
The Tadawul All Share Index retreated 0.2 per cent to 9,501.92, bringing this year's decline to 14 per cent.
The Qatari benchmark climbed 0.18 per cent to 12,012.57 points.
Kuwait's benchmark eased 0.04 per cent to 15,112, led by National Bank of Kuwait , which declined 2.08 per cent.
Bahrain's measure edged up 0.3 per cent to 2,891.01 points.
More from Markets
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
