(MENAFN - Khaleej Times) DUBAI — With its total traded shares valued at Dh1.32 billion, Dubai's main index yesterday rose 38.84 points, or 0.91 per cent, to close the first day of weekly trading at 4,294.14. Shares in Abu Dhabi gained 11.6 points, or 0.34 per cent, to 3,448.41.
Five of the nine sectors on the Dubai Financial Market (DFM) General Index had increased between 0.7 per cent to 2,582.50 (banks) and 2.1 per cent to 791.26 (telecommunication). The utilities, materials and common staples indices were flat while the transportation sector dropped 0.1 per cent to 664.81.
The DFM gainers were led by Dubai National Insurance and Islamic Arab Insurance, which advanced 5 per cent to Dh3.51 and 2.22 per cent to Dh3.21, respectively.
The country's second telecom operator, du, was also a big gainer with a climb of 2.1 per cent to Dh4.89. Shuaa Capital, the region's leading investment-banking institution, and the only publicly traded stock exchange in the region, DFM Co., rose 2 per cent each to Dh5.10 and Dh3.20, respectively.
Gulf Navigation Holding, the leading shipping and marine services company in the region, was the sole loser with a fall of 0.8 per cent to Dh1.29.
In Abu Dhabi, the real estate sector jumped 2.1 per cent to 856.28 while the industrial and health care indices slumped 0.52 per cent to 1,993.50 and 0.13 per cent to 1,243.08, respectively.
Abu Dhabi National Takaful Co. topped the Abu Dhabi Securities Market (ADSM) Index with a jump of 5 per cent to Dh4.49. International Fish Farming and Abu Dhabi Ship Building Co. rose 4.2 per cent each to Dh5.97 and Dh3.25, respectively, while Bank of Sharjah gained 3.13 per cent to Dh2.97.