UAE markets will face intense selling pressure when they reopen on Monday in the first post-holiday trading after Dubai shocked global markets last week by seeking a debt standstill for two flagship firms. Banks, property and construction firms will
The Abu Dhabi Securities Exchange (ADX) general index rose marginally on Wednesday, though volumes declined as institutional investors stayed away ahead of the Eid holidays. The markets general index rose on gains in construction, real estate,
Dubai shares rose on the last trading day before Eid Al Adha holiday. Abu Dhabi’s and Saudi Arabia’s indexes also advanced. The DFM General Index advanced for a second time this week, increasing 1.1 per cent to 2,093.16. Abu Dhabi’s index increased 0.
The Dubai Financial Market (DFM) moved in a narrow range yesterday before closing higher following marginal buying of selected stocks. The general index added 1.08 per cent, or 22.27 points, to end the session at 2,093.16 points compared with the
The Abu Dhabi Securities Exchange, supported by real estate, industrial and energy stocks, closed marginally higher yesterday even though selling pressure was seen across the banking, insurance and healthcare sectors. The general index added 16.29
Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (22 - 25 Nov.) reached Dhs604.5m comprising 48.4% of the total value of stocks traded during the period. The value of
The Dubai Financial Market gained 1.08% today to close on 2,093. Global Investment House led all gainers, up 14.96% to Dhs1.46. Market heavyweight Emaar also ended higher, up 0.73% to Dhs4.16. Overall, 22 stocks gained, 2 ended lower, and 5 were
The Abu Dhabi Securities Exchange gained 0.56% today to close on 2,910, led by the construction industry, which climbed 1.59%. Union Cement was the days big gainer, up 9.49% to dhs1.73. Overall, 22 ended higher, eight declined, and eight were u
Dubai Financial Market (DFM) received yesterday, a high-level financial delegation from China and Germany. The visit aimed at strengthening financial and investment relations and is part of a financial markets study tour in Dubai. The delegates tou
Shares in Dubai fell on Tuesday, wiping out gains in the previous session in the absence of fresh positive catalysts, and as investors begin to unwind positions ahead of the Eid Al Adha holidays. Index heavyweight Emaar Properties, the Middle East’