The service sector accounted for more than 85 per cent of turnover on the Dubai Financial Market (DFM) on Tuesday with UAE property major Emaar closed 1 per cent up at Dh14.6.
Other leading shares such as du, Arabtec and Shuaa also gained, according to Khaleej Times, with du and Arabtec gaining 2.4 per cent and 1.7 per cent, respectively. Shuaa counter traded more than 4.5 million shares yesterday and closed 1.9 per cent up at Dh5.19. In the services sector, Etisalat closed 5 fils down at Dh19.10
Both UAR bourses, the Dubai Financial Market and the Abu Dhabi Securities Market reported modest gains and significant increase in volumes over the course of the day.
The Dubai Financial Market index gained 0.85 per cent to 440.4 as the Abu Dhabi index closed 0.34 per cent up at 3,501. Across the two bourses, the market traded 195 million shares worth Dh1.5 billion. In 8,560 deals, DFM traded 171 million shares worth Dh1.4 billion.
The National Bank of Dubai and Dubai Islamic Bank each gained 5 fils as Emirates Bank closed 5 fils down at Dh13.85. Among the Abu Dhabi-listed banks, National Bank of Abu Dhabi and Abu Dhabi Commercial Bank gained 2.8 per cent and 1 per cent, respectively.