27/12/2018 08:00 AST

Small stocks, those whose prices are below Dh1, witnessed buying in the last hour of trade in Dubai, led by a Gulf Finance House (GFH) recovery after traders saw positive movement in US futures.

GFH closed more than 5 per cent higher to end at Dh0.846, after the company reassured investors that the recent fall in share prices had nothing to do with its fundamentals.

“The stock has been affected primarily due to the international and regional market pressures and margin calls that have impacted investors in the stock markets,” GFH said in a statement posted on Dubai Financial Market (DFM) website.

Shuaa closed 2.56 per cent higher at Dh0.80 while Deyaar Properties rose 2 per cent to Dh0.332 and Union Properties gained 3.5 per cent to Dh0.414. Despite index heavyweight Emaar Properties slipping 1 per cent to Dh3.91, the DFM general index closed 0.06 per cent higher at 2,468.85.

“We are waiting for a retracement higher towards the 2,830 resistance level in order to reinstate short positions,” Menacorp said in a note.

The Abu Dhabi Securities Exchange (ADX) general index closed 0.34 per cent higher at 4,817.11 even as trades remained thin. Dana Gas was up 1.91 per cent higher to Dh0.80.

“The market is testing support at 4,700. We are waiting to see reversal signals in order to reinstate long positions,” the Menacorp note said. “The next important support is the 4,520 level.”

Elsewhere in the Gulf, Saudi Arabia’s Tadawul All Share Index closed 0.09 per cent lower at 7,710.93. Saudi Basic Industries Corp fell 1.2 per cent to 115.60 Saudi riyals (Dh113) while Amana Cooperative Insurance Co was down 1.35 per cent at close at 21.90 royals.

The Muscat MSM 30 index closed 0.31 per cent higher at 4,326.15 but the Qatar Exchange index fell 0.11 per cent to 10,222.98. The Kuwait All Share Index closed 0.13 per cent lower at 5,059.27.


Gulf News

Ticker Price Volume
QNBK 197.99 234,436
APPC 54.60 245,093
SAICO 11.40 155,201
SIECO 83.40 632,434
CATERING 86.10 62,823
ALMARAI 53.90 542,352
SABIC 121.40 2,027,236

ADX 4,956.01 0.27 (0.01%)

Market
Dividend Yield (%)
P/E
Price/BookValue
Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ADIB 4.18 0.02 (0.48%)
FAB 14.48 -0.10 (-0.69%)
ADCB 8.38 -0.11 (-1.30%)
CBI 0.87 0.00 (0.00%)
UNB 4.85 -0.02 (-0.42%)

DFM 2,493.92 -4.90 (-0.20%)

Market
Dividend Yield (%)
P/E
Price/BookValue
Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
EIB 9.99 0.00 (0.00%)
EMIRATESNBD 9.17 -0.07 (-0.76%)
EMAAR 4.00 -0.02 (-0.50%)
DIB 5.07 0.00 (0.00%)
DU 5.07 0.02 (0.39%)
Oman's share index ends higher marginally

27/12/2018

The MSM30 index ended higher by 0.31 per cent to close at 4,326.15 points. MSM Sharia Index closed at 587.74 points, up by 0.05 per cent. National Finance was the most active in terms of volume and i

Times of Oman

Oman's share index ends higher marginally

27/12/2018

The MSM30 index ended higher by 0.31 per cent to close at 4,326.15 points. MSM Sharia Index closed at 587.74 points, up by 0.05 per cent. National Finance was the most active in terms of volume and i

Times of Oman

Oman's share index ends marginally higher

25/12/2018

The MSM30 index ended marginally higher by 0.22 per cent to close at 4,345.88 points. MSM Sharia Index closed at 591.80 points, down by 0.29 per cent. Bank Muscat was the most active in terms of volu

Times of Oman

UAE banks shares hold up even as real estate take a dive

25/12/2018

Banking stocks listed on the UAE bourses have been untouched by the recent sell-off that adversely impacted real estate shares. They are still holding up because of expectations that further Fed rate

Gulf News

QSE launches its ESG Platform

25/12/2018

Qatar Stock Exchange (QSE) announced yesterday the launch of its online ‘Qatar Stock Exchange Sustainability and ESG Platform’. This platform is designed to accelerate the objectives of the QSE Guida

The Peninsula