(MENAFN- Khaleej Times) DUBAI — The UAE markets started off weekly trading yesterday with gains, registering a 0.03 per cent shares increase in the Dubai main index and a 1.02 per cent rise in Abu Dhabi's general benchmark.
With volume of traded shares amounting to Dh306.95 million, AirArabia paced the Dubai Financial Market (DFM) General Index, continuing its top trading streak in most of last week. The Sharjah-based budget carrier gained 0.74 per cent to Dh1.35.
National Cement Co. topped DFM with a jump of 4.7 per cent to Dh10.10, followed by the UAE's new telecom operator, du, with an increase of 2 per cent to Dh4.76 and Commercial Bank of Dubai with a rise of 1.8 per cent Dh8.70.
Dubai Investments, a group of at least 44 companies, and Arabtec Holding, which invests in the contracting sector through the acquisition of existing contracting businesses, advanced 1.13 per cent each to Dh4.46 and Dh6.25 respectively.
Oman Insurance Co. was the biggest loser with a fall of 3 per cent to Dh8.50 while Dubai Islamic Insurance dropped 1.5 per cent to Dh23 and Gulf General Investments, which acquires companies in the manufacturing, commerce and services sectors, declined 1.2 per cent to Dh7.56.
In Abu Dhabi, the real estate sector jumped 3.8 per cent to close at 912.57 points while the industrial sector lost 1.21 per cent to 2,043.56 and the consumer sector slumped 0.5 per cent to 1,344.49. National Corp. for Tourism and Hotels, which invests in tourism infrastructure and operates transport, tours and catering divisions to offer a full range of hospitality services in the UAE capital, jumped 10 per cent to Dh4.64.
Union Insurance Co. was also a big gainer on Abu Dhabi Securities Market (ADSM) Index with a rise of 8 per cent to Dh2.22 while Investbank advanced 7.41 per cent to Dh3.48.
National Marine Dredging Co. fell 3.53 per cent to Dh5.20, followed by Al Khazna Insurance Co. with a drop of 3.1 per cent to Dh1.59.
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