Insurers halt Abu Dhabi market decline
11/06/2014 6:23 pm EDT


share with your network:




The Abu Dhabi equity market index ADXGI advanced by 0.14 per cent to hit 4,876.49 per cent at on Wednesday, June 11, ending a three-day losing streak.  Islamic insurance firms Watania and Methaq Takaful Insurance Company jumped 5.83 per cent, finishing at AED1.09. Around 215 million shares were traded valued at AED652 million. Earlier in the day, Arjuna Mahendran, the chief investment officer at Dubai’s biggest bank Emirates NBD said in his weekly market commentary published earlier today that “UAE markets are expected to continue their uptrend (from the first five months this year) to the end of the year with the usual mid-summer volatility and dips offering buying opportunities.”

Gérard Al-Fil

About the Author



share with your network:


Share your view



© 1996-2015 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2015 Dubai Business | Ameinfo . All rights Reserved.