Dubai: UAE indices traded in opposite directions on Wednesday, with Dubai heading northwards.
The DFM index closed 0.50 per cent up at 4,255.57 points fuelled by real estate and bank shares.
Arabtec shares surged 5.11 per cent as its full-year profit almost tripled. The board also proposed a 10 per cent cash dividend and 30 per cent bonus shares.
Among the gainers, Arig rose by 14.71 per cent to Dh1.56, followed by Al Salam Bank Bahrain by 6.60 per cent to Dh3.07 and Arabtec by 5.11 per cent to Dh5.55.
Dartakaful fell by 2.80 per cent to Dh1.04, followed by International Financial Advisors by 2.50 per cent to Dh0.974 and Deyaar by 2.38 per cent to Dh1.2.
Of the 34 companies traded, 14 rose, 13 fell and seven remained steady.
About 922.79 million shares worth Dh2.53 billion were traded.
Arabtec was the active value leader while Al Salam Bank Bahrain was the active volume leader.
Abu Dhabi
In Abu Dhabi, services, investment and financial shares dragged the index down by 0.24 per cent to 4,836.43 points.
But the fall was arrested by the rise in real estate shares.
Among the gainers, Finance House rose by 14.04 per cent to Dh3.90, followed by Union Insurance Company by 11.11 per cent to Dh1 and Julphar by 2.16 per cent to Dh3.78.
Emirates Driving Company suffered the worst by falling 8.75 per cent to Dh3.65, followed by Union Cement by 5.23 per cent to Dh1.45 and Abu Dhabi National Hotels by 5.13 per cent to Dh3.70.
Of the 38 companies traded, nine rose, 20 declined and nine closed unchanged.
About 229.63 million shares worth Dh688.29 million were traded.
Aldar was the active value leader while Eshraq was the active volume leader.
