Business | Markets
Channel Sponsor
Buying activity on Aramex drives Dubai Financial Market index
Buying activity on logistics and courier services provider Aramex pulled the Dubai market up on Wednesday, as performance on other stocks remained mixed. The Dubai Financial Market (DFM) general index closed up 1.44 per cent, on 1,810.15.
- By Rachna Uppal, Staff Reporter
- Published: 15:07 July 1, 2009
Dubai: Buying activity on logistics and courier services provider Aramex pulled the Dubai market up on Wednesday, as performance on other stocks remained mixed. The Dubai Financial Market (DFM) general index closed up 1.44 per cent, on 1,810.15. Of 27 traded companies, 18 were up, while seven were down. Aramex closed up over 14 per cent on Dh1.39, while telecoms provider Du also closed up, on Dh2.67, up 4.71 per cent. Among the real estate stocks, Deyaar and Arabtec climbed, while Emaar was down marginally again today, closing at Dh2.76.
In Abu Dhabi, investor activity was more or less flat on Wednesday, with the general index down 2.5 points, to close on 2,628.78. Energy and consumer stocks led the buying activity, while healthcare and real estate saw some profit taking.
Dana Gas was up 4.67 per cent on Dh1.16, while Methaq Takaful Insurance was the big gainer of the day, up 9.38 per cent on Dh5.51.Aldar Properties closed marginally down on Dh3.78, but Sorouh and RAKProperties closed 1.79 per cent and 1.39 per cent lower, on Dh2.77 and Dh0.73 respectively.
Share this article
More from Markets
More from Business
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
Cafe Nero's premium coffee blends
UK chain plans to open 50 outlets in region following UAE launch
-
Emirates to fly direct to Tokyo
Airline considers code-share deal with JAL after adding second destination in Japan
-
Work on world's longest sea crossing
The proposed Qatar-Bahrain causeway project is estimated to cost Dh9.9 billion
