ID :
24417
Tue, 10/14/2008 - 16:25
Auther :

Local stock markets gaining strength

Dubai, Oct 14, 2008 (WAM) - The Emirates Securities Market Index increased yesterday by 7.82% to close at 3,984.66 points.

Accordingly, the Market Capitalization has gained Dh 40.94 billion attaining Dh 564.52 billion. A total of 800 million shares were traded with a total value of Dh 2.33 billion during the trading session of Monday 13 October 2008 through 20,729 transactions.

The Services sector has increased by 11.84% , followed by the Industry sector that increased by 5.27% , Banks sector by 4.78% , followed by the Insurance sector that increased by 1.96%.

The number of companies which has been traded was 75 out of 128 companies listed in the market. Shares for 69 companies were advanced, whereas shares for 3 companies were declined and the rest remained unchanged.

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