GulfBase Live Support
08/08/2016 08:16 AST
The Dubai general index closed up 38.86, or 1.1 per cent, at 3,511.24. The index ran up strongly in spring from a low of just above 2,600 in January but has since been trading between about 3,300 and 3,500, mirroring relatively stable oil prices.
Among stocks in Dubai, Emirates NBD shares closed down 5 fils at Dh8.45. as the bank again issued a statement declining to comment on persistent rumours it is in talks to buy Barclays Egypt assets.
The Emirates NBD chief executive Shayne Nelson told The National in March the bank was interested in expanding in Africa through acquisition, but the lender in June issued a clarifying statement to the exchange declining to comment on a report it was in talks with Barclays. On Sunday, the bank again issued a statement via the stock exchange in relation to a local report that it has teamed up with a Moroccan firm to bid for Barclays Egypt, saying "there is no critical information to be disclosed".
Elsewhere, property stocks also gained, with Arabtec seeing the heaviest volume on the day and closing up 3.3 per cent at Dh1.54.
In Abu Dhabi, the ADX index was up 0.1 per cent at 4,533.50, with property strong, led by Eshraq Properties, which gained 2.7 per cent to Dh0.74.
RAK Ceramics ended unchanged at Dh3.20 after it reported a sharp drop in quarterly earnings after markets closed last Thursday.
Still, brokers including Nour Eldeen Sherif at Mubasher and Anoop Fernandes at Sico Bahrain maintained their "buy" rating on the firm.
The National
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
05/04/2018
Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r
The National
05/04/2018
Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti
Times of Oman
05/04/2018
Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s
Gulf News
04/04/2018
Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank
Times of Oman
04/04/2018
Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b
Gulf News