Special Features
Financial Markets update for 30 June
A positive days trading on UAE markets today. The ADX index closed one per cent higher on share value traded of 1.9 billion dirhams. Standout shares were RAKCC rising 4.07% and METHAQ rising 6.17% with over one hundred million shares trading for each stock.DANA announced the discovery of additional oil at its concession in Egypt. Shares were up 2.67% to 1.92 dirhams.
The DFM index closed 0.70% higher with a more subdued share value traded of 791 million dirhams.
AJMAN BANK steady and DEYAAR up 1.47% dominated trading with 33 million shares traded for each.
Dubai Financial Market
The DFM index closed at 5,443 a rise of 0.70% from the previous close. 213 million shares were traded worth 791 million dirhams. Nineteen shares advanced and seven declined.
The top traded share was AJMANBANK closing steady on 2.40 dirhams on turnover of 33 million shares.
Other shares to close unchanged included: DFM 5.09 and Emaar Properties (EMAAR) 10.85.
Shares to rise included: AIRARABIA 1.83 (0.54%), DEYAAR 2.06 (1.47%), GULFNAV 1.64 (1.23%), Tamweel (TAMWEEL) 8.40 (6.32%) and Union Properties (UPP) 5.16 (2.99%).
Shares to fall included: Dubai Investments (DIC) 3.77 (0.78%) and Islamic Arab Insurance (IAIC) 3.03 (0.65%).
Abu Dhabi Securities Market
The ADSM index closed at 4,953 a rise of 1.01% from the previous close. 389 million shares were traded worth 1.9 billion dirhams. Thirty one shares advanced and eight declined.
The top traded share was RAK Cement (RAKCC) rising 4.07% to 3.84 dirhams on turnover of 124 million shares. Thsi was closely followed by METHAQ rising 6.17% to 6.54 dirhams on turnover of 105 million shares.
Other shares to rise included: First Gulf Bank (FGB) 26.70 (1.14%), Aldar Properties (ALDAR) 12.55 (1.21%), Dana Gas (DANA) 1.92 (2.67%), and ARKAN 6.25 (1.46%).
Shares to fall included: Finance House (FH) 14.70 (2.00%) and RAKWC 2.50 (0.40%).
