Business | Markets

Dubai’s bourse halts a three-day decline

Shuaa lead losers list followed by Takaful-EM and Salam Bahrain

  • By Naushad K. Cherrayil, Staff Reporter
  • Published: 17:05 August 29, 2012
  • Gulf News

Dubai: Dubai’s DFM index halted a three-day decline as bargain hunters are back in full force.

The index closed 0.66 per cent at 1555.66 points mainly lifted by property stocks.

Among the gainers, Ekttitab rose 4.23 per cent to close at Dh0.960, followed by Gulf Finance House by 2.99 per cent to Dh0.516 and Deyaar by 2.56 per cent to Dh0.360.

Among the losers, Shuaa fell 3.73 per cent to Dh0.620, followed by Takaful-EM by 2.31 per cent to Dh0.591 and Salam Bahrain by 1.89 per cent to Dh0.415.

Of the 25 companies traded, 15 rose, six declined and four remained unchanged.

About 80 million shares worth Dh92.19 million were traded yesterday.

DFM index has surged 14.95 per cent so far this year and rose 0.84 per cent for the month.

The Abu Dhabi Securities market (ADX) index rose 0.03 per cent to close at 2574.80 points.

Of the 30 companies traded, 10 rose, eight declined and 12 closed unchanged.

About 27.35 million shares worth Dh52.19 million were traded yesterday.

Among the gainers, Green Crescent Insurance Company rose 3.45 per cent to Dh0.30, followed by Eshraq by 3.33 per cent to Dh0.30 and Dana by 2.63 per cent to Dh0.38.

Among the losers, Agthia lost 1.96 per cent to Dh2, followed by Bank of Sharjah, by 1.77 per cent to Dh1.11 and Ras Al Khaimah Cement Company by 1.43 per cent to Dh0.68.

ADX index has surged 7.18 per cent so far this year and rose 2.74 per cent for the month.

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