National Marine Dredging Co., the United Arab Emirates-based company that deepens waterways, surged the most this year after reporting a 56 percent increased in full-year profit.
The shares soared 10 percent, the biggest intraday gain since Dec. 29, to 8.8 dirhams at 11:13 a.m. in Abu Dhabi, giving the company a market value of 1.76 billion dirhams ($479 million).
Net income for the period advanced to 413.2 million dirhams from 265.5 million dirhams a year earlier.
Services and Insurance Sectors Push DFM Index Higher
The DFM General Index inched up to reach at 2,323.34 points on Wednesday 22nd May 2013.The index spending most of the session in the green zone added 3.99 points or 0.17 percent.
Market Cap
Key Sectors Turn QE Index Green
The QE Index continued pacing its way higher throughout the day to close its trading in the green territory at 9,085.9 on Wednesday 22nd May 2013, achieving 0.54 percent or 48.95 points for the sessi
ADX Index Dips but Volume Improves
The ADX General Index spending most of the session below the break – even line closed in the red at 3,503.38 points on Wednesday 22nd May 2013. The index trimmed 6.26 points or 0.18 percent for the e
Bonds seen consolidating after recent rally; lack of OMO hurts
Government bonds fell for a second consecutive session on Wednesday, continuing to retreat from a recent rally as the Reserve Bank of India has yet to announce bond purchases that had been widely exp