Dubai: UAE indices started the week on a mixed note on Sunday with Dubai’s benchmark index gaining the most in a month while Abu Dhabi index slipped marginally.
The DFM index closed 1.96 per cent higher at 4,058.77 points.
The rally in DFM index was fuelled by Emaar shares, which surged the most in six weeks, on hopes to raise as much $2.45 billion in an IPO of a 25 per cent stake in Emaar Malls Group. The property developer had also proposed a dividend of 15 fils and a 10 per cent bonus shares for 2013 compared to 10 fils for 2012.
Among the gainers, GGICO rose by 7.58 per cent to Dh2.27, followed by Emirates NBD by 5.77 per cent to Dh8.25 and Emaar by 5.08 per cent to Dh9.10.
Gulf Navigation fell by 4.44 per cent to Dh0.452, followed by Al Madina by 3.31 per cent to Dh0.672 and Al Salam Sudan by 3.14 per cent to Dh2.47.
Of the 30 companies traded, 13 rose, 13 fell and four remained steady.
About 646.32 million shares worth Dh1.59 billion were traded.
Emaar Properties was the active value leader while GGICO was the active volume leader.
In Abu Dhabi, the ADX index closed 0.46 per cent lower at 4,732.07 points, led by investment and financial shares.
Among the gainers, Taqa rose by 5.30 per cent to Dh1.39, followed by Abu Dhabi Shipping Building by 3.63 per cent to Dh3.71 and Abu Dhabi National Co for B and M by 3.10 per cent to Dh1.33.
Gulf Medical Projects suffered the worst by falling 10 per cent to Dh2.34, followed by Asmak by nine per cent to Dh8.70 and Watania by 6.02 per cent to Dh1.25.
Of the 30 companies traded, 10 rose, 18 declined and two closed unchanged.
About 139.88 million shares worth Dh343.77 million were traded.
Esharaq was the active volume leader while Aldar was the active value leader.
