Dubai – Mubasher: UAE’s stock markets saw a mixed performance on Sunday, as the Dubai Financial Market (DFM) rose slightly by 0.03% or 1.01 point to the level of 3,093.9 points.
Meanwhile, the Abu Dhabi Securities Exchange (ADX) closed at the level of 4,208.93 points after edging down 0.09% or 3.95 points.
The reversal of oil gains is expected to overshadow stock markets in the region, including the United Arab Emirates’ bourses, in Sunday’s session, analysts told Mubasher earlier.
In DFM, Arabtec recorded a rise of 8.3%, driving the real estate sector to grow 0.3%, while Emaar lost 0.88%.
The investment sector closed in green after adding 0.77%, thanks to an increase of 1.1% in Dubai Investments. Meanwhile, DFM declined 0.86%.
On the other hand, the banking sector shrank 0.46% after Amlak edged up 2.4%, Emirates NBD fell 0.68%, and Dubai Islamic Bank ended flat.
Trading volume decreased to 470 million shares from 584.48 million shares exchanged on Thursday. Turnover also shrank to AED 465.15 million from AED 622.13 million.
In ADX, however, the energy lost 0.88%, followed by real estate, telecom and banking sectors as they slid 0.35%, 0.31% and 0.04% respectively, whereas investment was the best performing sector, ending 2.43% higher.
TAQA shed 4.65%, Aldar fell 1.2%, National Bank of Abu Dhabi slipped 0.49%, while First Gulf Bank and Dana Gas were flat.
Turnover declined to AED 226.5 million from AED 369.30 million on Thursday. Trading volume reached 220 million shares, versus 250.74 million shares exchanged last session.
The DFM closed Thursday in green thanks to selective purchases which pushed most sectors up, with liquidity rising to the highest level in February.
Lastly, the ADX resumed its rise for the fifth session in a row on Thursday, amid an increase in trading activity, triggered by leading sectors.
Translated by: Elwy el-Manzalawy
