The UAE stock markets on Sunday changed direction and exhibited a negative trend as the Dubai Financial Market index has eased by 2.10 per cent to hit 1,079.44 points, say 23.15 points lower compared to the previous closing. 5,209 transactions were reported in DFM with a trade volume of 67,300,100 shares.
The Abu Dhabi Securities Market lost 0.79 per cent to trade at 5,244.68 compared to Saturday's closing of 5,286.27 points. 3,776 transactions were reported. 7 stocks advanced while 30 declined.
All sectors on the DFM went down. The Investment lost 2.34 per cent. Services led losers with 3.12 per cent hike. The Insurance shed 0.98 per cent. The Banking went down by 1.16 per cent.
The sectors on the ADSM were all down. The Insurance lost 2.35 per cent. The Services index went down 0.63 per cent. The Banking sector posted a 0.23 per cent decline. The Industrial sector posted a 2.31 per cent drop. The Hotels Index was the biggest loser with a 3.07 decrease.
Just three stocks advanced on the DFM. The Dubai Islamic Insurance soared by 2.02 per cent, Emirates Bank Int. went up by 0.26 per cent and National Bank of Dubai gained 0.02 per cent.
The leading losers on the DFM were Islamic Arab Ins. which downed by 5.67 per cent, Arab Intl. Logistics which fell by 5.15 per cent, Dubai National Insurance fell by 4.14 per cent and Dubai Investments eased by 3.04 per cent.
The top advancers on the ADSM were Asmak which gained 4.3 per cent, Abu Dhabi Ship Building Co. up by 3.55 per cent and Abu Dhabi Commercial Bank climbed 0.88 per cent. Others advancers did not gain more than 0.45 per cent.
The laggards on the ADSM were Abu Dhabi National Takaful Co. PJSC which eased by 5.41 per cent, Abu Dhabi National Insurance Co. with a 4.76 per cent fall, Invest Bank which dipped by 4.3 per cent, Gulf Cement Co. lost 3.53 per cent and Finance House lost 3.43 per cent.
