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UAE shares end on positive note

UAE bourses ended on a positive note on Thursday fuelled by insurance shares.

In Dubai, the DFM benchmark index rose by 0.23 per cent to 2,922.18 per cent.

Bellwether Emaar slid 0.82 per cent to Dh6.08, while Arabtec rose 1.11 per cent to Dh2.74.

Among the gainers, Oman Insurance rose 14.92 per cent to Dh3.62, followed by Agility by 14.71 per cent to Dh11.70 and Aramex by 2.65 per cent to Dh2.71.

NGI suffered the worst by 9.88 per cent to Dh6.84, followed by Mazaya by 9.62 per cent to Dh1.41 and Ekttitab by 1.92 per cent to Dh0.92.

Of the 33 companies traded, 17 rose, 12 fell and four remained steady.

About 320.09 million shares worth Dh466.30 million were traded.

Emaar was the active value leader, while Gulf Finance House was the active volume leader.

Analysts said that the bullish macro picture on Dubai remains intact, especially in property and tourism-related shares.


via UAE shares end on positive note |