UAE bourses end on positive note

Dubai’s DFM index rose 0.22 per cent to close at 1623.20 points, up for a second session in the last six days of trading.

Among the gainers, Depa rose 13.64 per cent to close at $0.250, followed by Al Madina by 2.99 per cent to Dh0.690 and Salam Bahrain by 2.66 per cent to Dh0.425.

Among the losers, Hits Telecom fell 5.06 per cent to Dh0.732, followed by Gulf Finance House by 4.12 per cent to Dh0.419 and Ajman Bank by 3.40 per cent to Dh0.965.

Of the 27 companies traded, 11 rose, 10 declined and six remained unchanged.

About 92.75 million shares worth Dh90.82 million were traded yesterday.

The index has hit a low of 1618.88 and a high of 1626.5 during intra trade yesterday.

Abu Dhabi

The Abu Dhabi Securities market (ADX) index rose 0.04 per cent to close at 2673.44 points.

According to Abu Dhabi Securities Exchange, trading on Dana Gas shares suspended from Thursday until the company provides a clarification on the news published concerning its Islamic Sukuk.

Dana Gas shares ended 2.4 per cent higher at Dh0.42, rebound from a 13 per cent decline over the past two days, despite the company saying it failed to pay back a $920 million (Dh3.4 billion) Islamic bond that came due Wednesday.

Among the gainers, Gulf Medical Projects Company rose 9.22 per cent to Dh1.54, followed by Agthia by 4.10 per cent to Dh2 and Taqa by 3.08 per cent to Dh1.30.

Among the losers, National Corp for Tourism and Hotels lost 6.83 per cent to Dh5.59, followed by Ras Al Khaimah Cement Company by 1.37 per cent to Dh0.72 and Arkant by 1.33 per cent to Dh0.74.

Of the 26 companies traded, five rose, eight declined and 13 closed unchanged.

About 55.22 million shares worth Dh66.36 million were traded yesterday.