UAE markets closed higher yesterday as volumes started climbing in the last two days after a relatively slow post-Eid period last week.
The Dubai stock benchmark DFM General Index rose 0.23 per cent to close at 2670.43. The volume traded jumped to 659.57 million shares from Tuesday’s 472.92 million. The turnover was up by about Dh100 million, from Dh556.45 million to Dh657.95 million. Of the 26 shares traded, 11 advanced, nine retreated and six remained unchanged.
The Abu Dhabi stock measure gained 0.52 per cent to 3921.00. The volume traded jumped to 147.72 million shares from 89.99 million a day earlier. Consumer staples sector led the gains with a 2.89 per cent jump, followed by telecom and banks.
Agthia, Abu Dhabi-based food and beverages company, was the biggest gainer on the capital’s exchange, rising 4.48 per cent to Dh3.73. Rak Bank was up 2.94 per cent to Dh7; Abu Dhabi Commercial Bank rose 0.19 per cent to Dh5.17; Etisalat added 0.85 per cent to Dh 11.85 and Aldar Properties remained unchanged at Dh2.84.
In Dubai, Arabtec continued to be the stock with the highest turnover, which jumped to Dh260.24 million from Dh144.09 million on the previous day. It ended in positive territory, gaining 3.92 per cent to Dh2.65.
Drake & Scull International was flat at Dh1.16.
Property stocks had a mixed day, with Emaar Properties remaining unchanged at Dh6.21; Deyaar losing 0.63 per cent and Union Properties adding 0.20 per cent to Dh0.492.
Gulf Navigation recorded the highest gain, surging 7.06 per cent to Dh0.288.
Tamweel was the biggest loser, plummeting 5.71 per cent to Dh1.32. Emirates NBD and DP World were among the other top five decliners, closing 1.79 per cent and 1.28 per cent lower.
