The benchmark Abu Dhabi Stock Market (ADX Index) managed to reach at 4,721.72 on Thursday 6th Feb 2014, adding 33.49 points or 0.71 percent for the entire day.
Market Cap Indices ended the day in the safe area except the Med Cap.
Industrial sector appeared at top as key performing sector among sectoral indices, advancing 3.84 percent. Banks, Insurance and Consumer Staples sectors rose 1.34 percent, 0.76 percent and 0.72 percent respectively.
Union National Bank outperformed rest of its peers, advancing 4.68 percent. First Gulf Bank and Abu Dhabi National Energy Company followed it wih 2.71 percent and 2.12 percent respectively.
Arkan Building Materials Company and Al Khazna Insurance Company led the chart of major gainers’, each surging 14.66 percent.
Al Dar Properties led the chart of most active stocks by capturing 30.05 percent of the overall market volume. The company liquidated around 83 million shares.
Abu Dhabi National Hotels Company led the losers’ chart, pairing 10 percent.
The CMA has issued its resolution approving the prospectus of Arabian Waterproofing Industries Company and the initial public offering of (8,189,994) shares representing (30%) of the Company’s share
A smart recovery was witnessed on the Muscat bourse after retail investors entered the market to purchase blue chip stocks.
Also, strong movement in telecom and banking stocks lifted the M
Times of Oman
The UAE markets continued to remain sluggish on Wednesday awaiting fresh triggers, but maintained their overall positive outlook.
Traded value dwindled to Dh162 million, down from an average
Shares on the Muscat bourse recovered on better support from local investors. The benchmark MSM30 Index increased and closed at 4,997.53 points on Tuesday, higher by 0.21 per cent. The MSM Sharia Ind
Times of Oman
Qatar’s stock index came slightly off a five-year low yesterday as local funds intensified their buying of those shares, snapping the 11-straight sessions of losses.r> Local investors have been net