23/10/2018 08:31 AST

UAE indices traded ranged on Monday even as traders eyed the third quarter results to September. The Dubai Financial Market General Index 0.44 per cent higher at 2,747.39. Traded value stood at Dh291 million.

Emaar Properties closed 1.22 per cent higher at Dh4.99. “Emaar Properties may target Dh5.38 and higher in the short term,” First Abu Dhabi Bank Securities (FABS) said in a note. FABS had a technical buy on Emaar at Dh5 on Monday. Emaar Properties saw a total volume of 7 million shares, which was higher than the average traded volume of last seven days. “Emaar is showing no intention to break beyond its resistance area as investors await news on whether the holding company will pass on its soon to be received dividend from its subsidiary, Emaar Developments,” Essam Kassabieh, senior analyst with Menacorp said.

Gulf Navigation saw a total volume of 68 million shares, the highest level since January 2017. Gulf Navigation closed 3.85 per cent higher at Dh1.08. The Abu Dhabi Securities Exchange general index closed 0.27 per cent higher at 4,956.19. Etisalat reclaimed recent highs and closed at Dh16.80, up 0.60 per cent. First Abu Dhabi Bank closed 0.16 per cent higher at Dh14.62.

In other stocks, Agthia closed 5.56 per cent higher at Dh3.99.

Traders will eye more third quarter results, which is considered as a weak quarter. “Abu Dhabi’s banking sector is expected to have reported in full by end of next week which would pave the way for other sectors to come forth, with investors looking out to insurance companies such as Salama in Dubai which had seen the Abu Dhabi Financial Group grab a stake in this quarter,” Kassabieh said.

Elsewhere in the Gulf, the Muscat MSM 30 index closed 0.04 per cent higher at 4,454.75, while the Qatar exchange index closed 1.18 per cent higher at 10,274.45.


Gulf News

Ticker Price Volume
SIPCHEM 20.10 899,828
APPC 48.05 453,535
SABIC 120.60 5,510,302
SACCO 47.50 122,955
ALMARAI 46.40 235,704
SAICO 11.30 335,188
EXTRA 59.10 111,604

ADX 5,021.17 54.39 (1.10%)

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 4.06 -0.02 (-0.50%)
FAB 14.70 0.40 (2.79%)
ADCB 8.02 0.08 (1.00%)
CBI 0.71 -0.02 (-2.09%)
UNB 4.83 0.03 (0.62%)

DFM 2,776.38 0.87 (0.03%)

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 9.29 0.25 (2.76%)
EMAAR 4.91 -0.05 (-1.01%)
DIB 5.25 -0.01 (-0.20%)
EMAARMALLS 1.90 -0.03 (-1.56%)
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