GulfBase Live Support
26/07/2016 05:43 AST
UAE stocks rose on Monday amid an advance in stocks globally, as investors took heart from a measure of German business confidence that fell less than expected.
Expectations that the US economy is strengthening have propelled equities around the world of late despite the gloom created by the United Kingdom’s vote last month to leave the European Union. The advance in equities in the UAE comes even as oil prices take a breather after having rallied from January’s multi-year low.
Dubai’s benchmark index, the DFMGI, gained 1.1 per cent while Abu Dhabi’s key gauge, the ADSMI, added 1 per cent.
Volumes on both exchanges were well below their 50-day averages.
The property developer Emaar and the mobile phone operator du led gains in Dubai, while the lender FGB and telecoms operator Etisalat paced the advance in Abu Dhabi.
The Stoxx Europe 600 Index rose for the first time in three days after the business sentiment reading signalled that Europe’s largest economy remained robust for now even after the Brexit vote. The Munich-based Ifo institute’s index fell less than forecast.
Elsewhere, gold extended its first back-to-back weekly drop since May as the US currency strengthened against most major counterparts. Turkish markets rallied the most worldwide after the prime minister said the government planned to set up a fund to support the economy after a failed coup.
The Stoxx 600 was up 0.4 per cent midafternoon in London, with trading volumes 45 per cent less than the 30-day average. The Borsa Istanbul 100 Index was up 3 per cent in afternoon trading.
The National
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
RIBL | 13.83 | 1,519,548 |
JARIR | 177.89 | 111,251 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
ADX 4,608.97
2,214.71 (92.50
DFM 3,091.15
-9.24 (-0.30
Ticker | Price | Change |
---|---|---|
EMIRATESNBD | 10.65 | 0.05 (0.47 |
EIB | 9.50 | 0.00 (0.00 |
EMAAR | 5.61 | -0.03 (-0.54 |
EMAARMALLS | 2.16 | 0.00 (0.00 |
DIB | 5.30 | 0.00 (0.00 |
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