DFM closes 0.7% higher; ADX slips 0.2%

Dubai’s main stock index closed 0.7% higher at 5,967 points on Wednesday, with total trading value reaching around AED 883 million.

Of the 49 companies traded, 26 advanced, 12 declined and 11 were unchanged.

Shuaa Capital rose 2.6% to AED 0.273, with more than 31 million shares traded, while Emirates NBD gained 0.8% to AED 31.20 on volume of nearly 2 million shares.

Talabat Holding fell 0.9% to AED 1.14, with nearly 37 million shares changing hands, while Union Properties gained 0.8% to AED 0.600 on similar volume of nearly 37 million shares.

Emaar Properties was the most actively traded stock, jumping 3.3% to AED 11.74 on volume of nearly 42 million shares, while Emaar Development climbed 2.9% to AED 13.40, with nearly 6 million shares traded.

Emaar Properties’ board approved on Wednesday a one-off special cash dividend of AED 4.4 billion, or AED 0.50 per share, in addition to the company’s regular annual dividend.

In Abu Dhabi, the benchmark index fell 0.2%, or 22 points, to 10,114, with total trading value of around AED 1.01 billion.

On stock performance, 38 advanced, 40 declined and 21 were unchanged.

Aldar Properties gained 2.1% to AED 7.94, with more than 13 million shares traded, while Alpha Dhabi Holding rose 0.9% to AED 7.59 on volume of more than 12 million shares.

ADNOC Gas was unchanged at AED 3.26, with nearly 28 million shares traded, while ADNOC Logistics & Services fell 0.5% to AED 7.47 on volume of nearly 11 million shares.

Bank of Sharjah topped most actives, rising 5.9% to AED 0.036 on heavy volume of nearly 408 million shares, while Anan Investment fell 1.7% to AED 1.15, with nearly 39 million shares traded.