The UAE stock markets continued their recovery on Monday as the Dubai Financial Market went up 1.77 per cent, say about 17.9 points higher to end the session at 11,029.55 points.
The Abu Dhabi Securities Market followed with a 2.76 per cent increase to close at 5,112.95 points compared to 4,975.84 points when trade opened.
The sectors on the DFM were all positive. The Investment rose by 2.18 per cent. The Banking was up by 1.61 per cent. The Insurance was up by 1.27 per cent. Services, which was the most active in terms of volume, enjoyed a 1.73 per cent. All in all, 9,091 were reported in a healthy trade volume of 113,145,022 shares.
The sectors on the ADSM exhibited a mixed trend. The Industries index saw a 1.95 per cent hike. The Insurance lost 1 per cent. The Services rose by 4.09 per cent. The Banking increased 2.21 per cent. The Hotel index ended 0.11 per cent lower. 5,633 were reported with a brisk trade volume of 126,347,244.
14 stocks advanced on the DFM. The biggest gainers were Amlak Finance which boosted by 11.11 per cent, Dubai Islamic Insurance advanced by 7.33 per cent, Dubai National Insurance gained 4.98 per cent, TABREED advanced by 4.81 per cent and Dubai Investments was up by 4.32 per cent.
Only four stocks were in the red on the DFM; Global Investment House fell by 7.24 per cent, Emirates Bank Int. lost 1.40 per cent and Int. Financial Advisers declined by 1.07 per cent.
The top advancers on the ADSM were Aabar Petroleum Investments Company which gained 8.13 per cent, Abu Dhabi National Energy Company jumped 7.14 per cent, National Bank of Abu Dhabi boosted by 6.49 per cent, Commercial Bank International advanced by 6.25 per cent and Finance House was up by 5.88 per cent.
The laggards on the ADSM were Emirates Insurance Co. which crashed by 9.52 per cent, United Arab Bank lost 4.76 per cent. National Marine Dredging Co. lost 2.22 per cent, Abu Dhabi Ship Building Co. eased by 2.21 per cent and Asmak downed by 1.94 per cent.
