الرئيسية
1055 GMT - Dubai's benchmark index closes at a
five-month high, spurred by real estate-linked stocks.
National Central Cooling Co (Tabreed) touches a
seven-week high, jumping 6.3 percent. Meanwhile, Arabtec
continues its upward trend, climbing 3 percent. The
shares are now up 67.3 percent year-to-date. Arabtec accounts
for nearly 40 percent of all volume on the Dubai bourse.
However, the largest gainer on the bourse is Shuaa Capital
, which jumps 13.5 percent. It hits a seven-week high
ahead of its full-year results, which are due to be published on
Jan. 13.
Dubai's exchange rises 0.3 percent to 1,487 points,
up 9.5 percent year-to-date.
"Overall, the market is in a wait-and-see phase. It's about
accumulating and we're seeing the continuation of the upward
pressure from the end of January," Marwan Shurrab,
vice-president and chief trader at Gulfmena Investments, says.
The Abu Dhabi index makes a slight gain, up 0.1
percent on the day to 2,467 points.
Aldar Properties and Sorouh Real Estate
account for nearly 65 percent of all shares traded on the
exchange. They end Thursday up 3.2 and 3.4 percent respectively.
The Oman index ends the week in marginally-negative
territory, down 0.02 percent at 1,967 points, with banks
dragging.
Bank Muscat, the largest stock on the bourse by
market capitalisation, falls 1.1 percent, Bank Sohar
drops 1.3 percent and Oman International Bank slips 0.4
percent.
five-month high, spurred by real estate-linked stocks.
National Central Cooling Co (Tabreed) touches a
seven-week high, jumping 6.3 percent. Meanwhile, Arabtec
continues its upward trend, climbing 3 percent. The
shares are now up 67.3 percent year-to-date. Arabtec accounts
for nearly 40 percent of all volume on the Dubai bourse.
However, the largest gainer on the bourse is Shuaa Capital
, which jumps 13.5 percent. It hits a seven-week high
ahead of its full-year results, which are due to be published on
Jan. 13.
Dubai's exchange rises 0.3 percent to 1,487 points,
up 9.5 percent year-to-date.
"Overall, the market is in a wait-and-see phase. It's about
accumulating and we're seeing the continuation of the upward
pressure from the end of January," Marwan Shurrab,
vice-president and chief trader at Gulfmena Investments, says.
The Abu Dhabi index makes a slight gain, up 0.1
percent on the day to 2,467 points.
Aldar Properties and Sorouh Real Estate
account for nearly 65 percent of all shares traded on the
exchange. They end Thursday up 3.2 and 3.4 percent respectively.
The Oman index ends the week in marginally-negative
territory, down 0.02 percent at 1,967 points, with banks
dragging.
Bank Muscat, the largest stock on the bourse by
market capitalisation, falls 1.1 percent, Bank Sohar
drops 1.3 percent and Oman International Bank slips 0.4
percent.