Dubai:Dubai index on Sunday tried to move out of the range, that was in place since last two weeks.
The Dubai Financial Market General index closed 0.08 per cent higher at 3,608.88.
The Dubai index tried to breach resistance of 3,620, after moving in the range of 3,558-3,620 since July 16.
“The trading range continues with support at 3580 and resistance seen at 3,620,” said Shiv Prakash, senior analyst with National Bank of Abu Dhabi Securities. “The bias still remains positive as it is trading above the important moving averages.”
Aman closed more than a per cent to be at Dh1.01. Gulf Finance House closed nearly 1 per cent higher at Dh2.15.
DIB witnessed buying, and closed 0.84 per cent higher at Dh5.84. Shuaa Capital hit a high of Dh1.4, before closing 1.5 per cent higher at Dh1.35.
Emaar Properties closed almost steady at Dh8.15. Damac Properties closed 0.25 per cent lower at Dh3.98. Total traded value came in at Dh193 million. Emirates Integrated Telecommunications closed 2.63 per cent higher at Dh5.85.
The Abu Dhabi Securities Exchange general index closed 0.19 per cent higher at 4,577.11.
Dana Gas witnessed mild buying in late trade from Dh0.62 support area. Dana Gas closed 1.59 per cent higher at Dh0.64.
Waha Capital closed 1.1 per cent higher at Dh1.84.
“Volume was low (on Thursday), the stock should target the Dh1.90 anytime soon,” said Hisham Khairy, head of Institutional Trading at Menacorp.
Elsewhere in the Gulf, weaker than expected earnings from some companies weighed on Saudi Arabia’s Tadawul index. The index closed 0.83 per cent lower at 7,115.84.
Saudi Basic Industries closed 1.19 per cent lower at 98.90 Saudi Riyals, and was the top mover in terms of value.
The parallel market or Nomu index closed 0.6 per cent higher at 3,778.39.
The Qatar exchange index closed 0.98 per cent lower at 9,469.59. The Muscat MSM 30 index closed 0.32 per cent higher at 5,063.950.
