Dubai:
Traders accumulated shares of Shuaa Capital and Amlak Finance reacting to specific company news in a steady Dubai market.
Shuaa Capital closed 14.88 per cent higher at Dh1.39 after the company said it entered into an agreement with Integrated Financial Group, towards the acquisition of Integrated Capital and Integrated Securities.
Amlak Finance shares closed 14 per cent higher at Dh1.12 after signing a deal with Damac Properties to finance property transactions. Both the shares contributed to 24 per cent of the total traded value.
Emaar Properties closed 1.1 per cent higher at Dh8.10
“Emaar may target Dh8.50 soon, Dh8.30 is a resistance on the way and could be Thursday’s target,” said Hisham Khairy, Head of Institutional Trading, Menacorp.
The Dubai Financial Market General Index closed 0.24 per cent lower at 3,573.51.
“Things all over the world favour a continuation of the current uptrend but volume just needs to pick up,” said Khairy.
Traded value has been on the rise and on Thursday rose to Dh456 million, up from Dh250 million a few days ago.
The Abu Dhabi index closed lower weighed by Etisalat. The Abu Dhabi Securities Exchange general index closed 0.91 per cent lower at 4,552.49.
Etisalat closed 0.82 per cent lower at Dh18.25. National Bank of Abu Dhabi closed 1.83 per cent lower at Dh10.70. Agthia Group closed 1.12 per cent lower at Dh5.30.
Elsewhere in the Gulf, Saudi Arabia’s Tadawul index was 0.32 per cent higher at 7,252.71. The Qatar exchange index closed 0.42 per cent lower at 9,542.28. The Muscat MSM 30 index closed at 4,999.37, down 0.87 per cent.
The Bahrain bourse all share index closed 0.10 per cent higher at 1,320.40.
