UAE markets end mixed

Dubai:

UAE indices ended mixed yesterday on global cues as Asian markets edged higher, though modestly, amid concerns surrounding the political situation in Portugal and investor caution ahead of Friday’s US jobs data.

The DFM General Index snapped two days of decline to advance 0.19 per cent to close at 2264.14.

The ADX Securities General Index remained flat, slipping just 0.04 per cent to 3562.69.

In Dubai, volume fell to 178.29 million from Wednesday’s 205.24 million and turnover dropped 9.67 per cent.

In Abu Dhabi, both volume and turnover jumped 66.89 per cent and 62.98 per cent respectively.

In Dubai, Emaar Properties, with the highest turnover of Dh36.48 million, remained unchanged at Dh5.32.

Of the 27 stocks traded, 13 declined, 10 gained and four remained unchanged.

Arabtec, DFM, Tamweel and Union Properties were among the decliners. The gainers included Aramex, which climbed 5.69 per cent; Shuaa Capital, which added 3.35 per cent to Dh0.710 and Air Arabia, which increased 0.93 per cent to close at Dh1.09.

Of the 30 stocks that traded in Abu Dhabi, it was equally split: 10 gained, 10 declined and 10 remained unchanged. Aldar Properties, with the highest turnover of Dh107.79 million, was up 0.89 per cent to Dh2.26; Union Arab Bank was the biggest gainer, jumping 3.61 per cent to Dh4.30; Etisalat gained 0.45 per cent to Dh11.20 and National Bank of Abu Dhabi climbed 0.88 per cent to Dh11.45.

Dana Gas and First Gulf Bank were among the losers, dropping 1.79 per cent and 0.94 per cent respectively.