As expected, the UAE stock markets on Monday continued its negative trend as the Dubai Financial Market index has eased by 0.31 per cent to hit 1,076.13points, say 3.31 points lower compared to the previous closing. 5,199 transactions were reported in DFM with a trade volume of 65,265,733 shares.
The Abu Dhabi Securities Market lost 0.26 per cent to trade at 5,231.27 compared to Sunday's closing of 5,244.68 points. 4,157 transactions were reported. 11 stocks advanced while 25 declined.
All sectors on the DFM went down, except the Investment which added 0.05 per cent. Services led losers with 0.52 per cent decline. The Insurance shed 0.23 per cent. The Banking went down by 0.14 per cent.
The sectors on the ADSM ended with mixed trends. The Industrial sector posted a 1.96 per cent drop. The Banking sector posted a 1.38 per cent decline. The Insurance lost 0.39 per cent. The Services index went up 1.73 per cent. The Hotels Index was positive with a slight 0.15 hike.
Just two stocks advanced on the DFM. Int. Financial Advisers soared by 2.94 per cent and Arab Intl. Logistics went up by 0.58 per cent.
The leading losers on the DFM were Islamic Amlak Finance which downed by 2.81 per cent, Islamic Arab Ins. which fell by 1.62 per cent, Gulf General Investments fell by 1.09 per cent and EMAAR Properties – the stock with the biggest trade value - eased by 0.80 per cent.
The top advancers on the ADSM were Abu Dhabi National Takaful Co. PJSC which gained 6.3 per cent, Al Ain Al Ahlia Insurance Co.up by 3.25 per cent and Etisalat climbed 3.21 per cent. First Gulf Bank achieved a 1.86 rise while National Corp for Tourism and Hotels shed 1.81 per cent.
The laggards on the ADSM were Al Buhaira national Insurance Company and Ras Al Khaimah Poultry and Feeding Co. which eased by 10 per cent each, National Bank of Umm Al-Qaiwain with a 8.63 per cent fall, Union Cement Co. which dipped by 6.01 per cent. Abu Dhabi Commercial Bank lost some 3.5 per cent.
