UAE stocks gain Dhs4.1 billion

17/07/2017 06:02 AST

The UAE equity markets on Sunday continued their bullish trend which started last week, with the positive mood prevailing over all sectors led by the property market which posted robust growth in the run-up toward the announcement of the 2017 H1 financial results by leading companies. With the market capitalisation of trading companies gaining Dhs4.1 billion, today’s session saw Damac outperforming with Dhs45 million worth of transactions, growing high by around 6.5 per cent to close Dhs4.27.

Emaar beefed up the trend, approaching to break the Dhs8 mark which it already did during the first half of the session today, closing at Dhs7.97 following a normal profit booking streak.

The rest of the property sector companies capitalised on the upbeat sentiments, including the Union Properties which closed high at AED0.963 and Diar which ended at 53 fils.

At Abu Dhabi Securities Exchange, Eshraq Properties rose to 96 fils. In the meantime, the Dubai Financial Market General Index grew by 1.01 per cent to 3573 points, with ADX rising to 4524, closing higher by 0.13 per cent as compared to the Thursday session.

The stocks therefore closed in the green at the end of Thursday’s session, with 35 companies out of 64 trading firms closing higher, against 14 down and 15 at their last traded prices.

A total of 4038 deals were conducted worth Dhs713 million over 320 stocks.

The Gulf Today
Market News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 140.2 89,927
SECO 24.11 799,660
GFH 0.58 10,000
SABIC 99.88 1,998,578
RIBL 10.76 308,413
EMIRATESNBD 8.09 167,938
Recent News

Saudi's NCB Q2 net profit flat, operating income down
Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest lender, reported a 0.9 percent dip in second-quarter net profit on Sunday as a drop in operating expenses was offset by lower ope

Arabian Pipes Co. announces the Appointment of new CEO
Arabian Pipes Co. announces that the Board of Directors accepted during their meeting today 23 Jul 2017 that appointment of Eng. Ahmed Ali Al-Lohaidan as CEO starting from 24-07-2017 It's worth menti

Deyaar announces H1 2017 revenues of AED 316 million
Deyaar Development PJSC, one of the UAE’s leading property development and real estate services companies, today announced its financial results for the first half of 2017.

Deyaar reported %

Burgan Bank's H1 net income up 24pc
Kuwait-based Burgan Bank Group has registered a 24 per cent jump in its net income for the first half of 2017 which soared to KD39 million ($128 million) from last year's KD31.4 million ($103.5 milli

Kuwait's trade surplus with Japan up 46pc
Kuwait's trade surplus with Japan expanded by 46.1 per cent from a year earlier to 25.6 billion yen ($228 million) in July, up for the sixth month in a row, thanks to brisk exports, said state news a

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Looking ahead, what change you are more likely to make in investing in your domestic stock market?