Buying activity on Aramex drives Dubai Financial Market index

Dubai: Buying activity on logistics and courier services provider Aramex pulled the Dubai market up on Wednesday, as performance on other stocks remained mixed. The Dubai Financial Market (DFM) general index closed up 1.44 per cent, on 1,810.15. Of 27 traded companies, 18 were up, while seven were down. Aramex closed up over 14 per cent on Dh1.39, while telecoms provider Du also closed up, on Dh2.67, up 4.71 per cent. Among the real estate stocks, Deyaar and Arabtec climbed, while Emaar was down marginally again today, closing at Dh2.76.

In Abu Dhabi, investor activity was more or less flat on Wednesday, with the general index down 2.5 points, to close on 2,628.78. Energy and consumer stocks led the buying activity, while healthcare and real estate saw some profit taking.

Dana Gas was up 4.67 per cent on Dh1.16, while Methaq Takaful Insurance was the big gainer of the day, up 9.38 per cent on Dh5.51.Aldar Properties closed marginally down on Dh3.78, but Sorouh and RAKProperties closed 1.79 per cent and 1.39 per cent lower, on Dh2.77 and Dh0.73 respectively.