The UAE stock markets on Tuesday exhibited a mixed trend as the Dubai Financial Market index has risen by 0.67 per cent to hit 1,083.29 points, say 7.16 points higher compared to the previous closing. 6,368 transactions were reported in DFM with a trade volume of 82,803,156 shares.
The Abu Dhabi Securities Market lost 0.68 per cent to trade at 5,195.87 compared to the previous closing of 5,231.27 points. 7,208 transactions were reported. 12 stocks advanced while 24 declined.
The sectors on the DFM were mixed. The Investment lost 1.1 per cent. The Insurance shed 0.4 per cent. Services led gainers with a 1.56 per cent hike. The Banking went up by 0.11 per cent.
The sectors on the ADSM ended with mixed trends. The Industrial sector posted a 0.62 per cent rise. The Banking sector posted a 0.28 per cent decline. The Insurance lost 0.61 per cent. The Services index went down 1.65 per cent. The Hotels Index was positive with a slight 0.06 hike.
Just four stocks advanced on the DFM. Global Investment House soared by 3.81 per cent, EMAAR Properties went up by 2.43 per cent, Dubai Islamic Bank up by 0.67 per cent and Amlak Finance climbed 0.48 per cent.
The leading losers on the DFM were Arab Insurance Group which downed by 2.56 per cent, Dubai Islamic Insurance which fell by 2.21 per cent, Islamic Arab Ins. fell by 1.81 per cent and Gulf General Investments eased by 1.5 per cent.
The top advancers on the ADSM were Union Cement Co. which gained 5.83 per cent, Asmak up by 1.78 per cent and Umm Al-Qaiwain Cement Industries Co. climbed 1.58 per cent. First Gulf Bank achieved a 1.48 rise while Abu Dhabi Ship Building Co. added 1.06 per cent.
The laggards on the ADSM were Al Wathba Insurance Co. P.S.C which eased by 7.34 per cent each, National Marine Dredging Co. with a 4.63 per cent fall, Finance House which dipped by 3.79 per cent. Sharjah Insurance Company lost some 3.7 per cent.
