Business | Markets
UAE shares gain third straight day
The UAE stock markets ended in positive territory for a third day on Tuesday amid healthier global trends.
- By Himendra Mohan Kumar, Staff Reporter
- Published: 23:45 October 21, 2008
Abu Dhabi: The UAE stock markets ended in positive territory for a third day on Tuesday amid healthier global trends.
The Abu Dhabi Securities Exchange (ADX) General Index appreciated 3.75 per cent and Dubai Financial Market (DFM) index rose 1.22 per cent.
As a result of the surge, the Emirates Securities Market Index increased by 2.63 per cent to close at 4,197.80.
Of the 128 companies listed on the markets, shares of 47 companies advanced, 16 companies declined, while the rest remained unchanged.
The Emirates Securities And Commodities Authority (Esca), the UAE regulatory authority, said that as of Monday, there was a Dh15.35 billion increase in market capitalisation, which currently stands at Dh598.90 billion.
On the ADX, the general index closed at 3,652.87 while in Dubai, the DFM index ended at 3,351.37.
In Abu Dhabi, more than 187.83 million shares changed hands with total value of shares traded exceeding Dh696.17 million.
While Aldar Properties' shares were the most actively traded, Fujairah Cement Industries was the day's main gainer on the ADX with its shares ending 9.92 per cent higher at Dh5.32.
Main loser
Oman and Emirates Investment Holding Co was the main loser, with its shares falling 2.59 per cent to close at Dh3.03.
In Dubai, around 455.85 million shares were traded on the DFM, whose combined value exceeded Dh1.46 billion. Emaar Properties came at the top of the most active companies by volume, with its shares gaining 2.71 per cent during the day to close at Dh6.06.
The top gainer for the day on DFM was Shuaa Capital, whose shares rose 9.84 per cent to close at Dh3.35.
Shares of Global Investment House declined the most on the market, falling 9.64 per cent during the day to close at Dh11.25 a share.
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