Business | Markets

UAE indices end on a positive note

Aldar suffered the worst followed by Al Madina and Deyaar

  • By Naushad K. Cherrayil Staff Reporter
  • Published: 15:38 February 4, 2013
  • Gulf News

Dubai: Dubai’s DFM index recovered some lost ground and rose 0.89 per cent to close at 1,864.66 points on Monday.

Emaar shares, which dragged the index down on Sunday, rose 1.71 per cent.

Among the gainers, Arabtec rose 3.10 per cent to close at Dh2.99, followed by Emaar Properties by 1.78 per cent to Dh4.77 and Dubai Investment by 1.41 per cent to Dh0.936.

Shares of Aramex rose 0.92 per cent to Dh2.19 after the courier company posted Dh65.7 million fourth-quarter net profit, and maintained a cautious outlook for the year amid unrest in the Middle East. Aramex shares posted gains of 11.11 per cent last year.

Among the losers, Al Madina fell 4.03 per cent to Dh0.690 and Deyaar fell by 2.68 per cent to Dh0.363 and Tabreed by 2.45 per cent to Dh1.59.

Of the 26 companies traded, 14 rose, 11 fell and one remained unchanged.

About 165.89 million shares worth Dh330.78 million were traded.

The index hit a low of 1844.92 and a high of 1879.08 points during intra trade.

Arabtec was the active volume leader and Emaar was the active value leader.

Abu Dhabi

Consumer staples, Investment and Financial shares lifted the Abu Dhabi Securities market (ADX) index by 0.33 per cent to close at 2890.24 points.

Investment and Financial shares index rose 1.45 per cent while consumer staples index surged 1.60 per cent.

Among the gainers, National Corp for Tourism and Hotels rose 13.48 per cent to Dh6.40, followed by Asmak by 7.53 per cent to Dh15 and Eshraq by 3.85 per cent to Dh0.54.

Shares of Aldar Properties slipped after its fourth-quarter earnings missed estimates. The shares closed down 4.17 per cent to Dh1.38.

Sorouh Real Estate, which is due to merge with Aldar, fell 2.27 per cent to Dh1.72.

Among the losers, Aldar lost 4.17 per cent to Dh1.38, followed by National Marine Dredging Co by 2.38 per cent to Dh10.25 and Sorouh by 2.27 per cent to Dh1.72.

Of the 34 companies traded, 14 rose, 10 declined and 10 closed unchanged.

About 226.44 million shares worth Dh302.20 million were traded on Monday.

Eshraq was the most active volume leader and United Arab Bank was the most active value leader.

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