Banking and real estate stocks pushed the Abu Dhabi Securities Exchange (ADX) up into the green territory yesterday, with its index advancing 50.46 points, or 1.68 per cent, to close at 3051.65. The turnover also bounced up, with 159.5 million shar
Banking stocks led the Dubai Financial Market higher for a second day running yesterday with heavyweight Emirates NBD pushing the index up at the start of the session. The general index jumped 54.88 points, or 2.7 per cent, to close at 2084.34 points
UAE shares rose to a three-month high on Wednesday, taking their cue from a rally in global markets and a firming of oil prices above $70 a barrel on upbeat US economic news, suggesting that the world’s largest economy and top energy consumer is on it
Upbeat US economic data helped most Gulf Arab markets close higher on Wednesday, with Dubai hitting a fresh three-month high. Dubai’s index rose for a second straight session by 2.7 percent to 2,084 points. The Dubai index rose 2.7 percent to 2,084
Dubai’s bluechip stocks helped push the main index 1.8 percent higher, outperforming all other markets in the region. Investor focus was on DP World which closed 4.2 percent higher. The ports operators said that it is not involved in talks over a
The Abu Dhabi Securities Exchange (ADX) continued moving near its neckline yesterday, giving mixed indications of both a possible sharp advance and a strong correction. The market ended almost flat yesterday at 3001.19 points after adding 6.72 points,
The Dubai Financial Market (DFM) bounced up yesterday amid a strong rally in the heavyweights and actives stocks, with the index advancing 36.21 points, or 1.82 per cent, to close at 2029.46. The market opened with a jump, adding about 1.7 per cent
Dubai’s bluechip stocks helped push the main index 1.8% higher, outperforming all other markets in the region. Investor focus was on DP World, which closed 4.2% higher. The ports operators said yesterday it is not involved in talks over a potential s
UAE shares rebounded on Tuesday, with a surge in blue chip Emirates NBD pulling the Dubai bourse back into positive territory amid steady global markets. Investors snapped up recent laggard Emirates NBD, the country’s biggest bank by assets, which
The Abu Dhabi Securities Exchange continued to see profit booking in leading active stocks yesterday as turnover declined sharply. The general index lost 23.67 points, or 0.78 per cent, and closed at 2,994.47 points. The index opened with a gap down a