DUBAI: Dubai’s index rebounded from a two-month low yesterday, although thin trading left investors unsure whether these gains marked the end of a recent downward trend.
Qatar Exchange traded in the green area adding 48.16 points (or 0.57%) to advance to 8,549.12 points from 8,500.96 Monday.
The volume of the shares traded up to 4,178,426 from 3,779,081 on Monday, and the value of shares decreased to QR163,780,015.74 from QR258,669,468.05 on Monday.
Among the top gainers were Qatar National Bank which was up 0.97 percent to QR134.70, Industries Qatar rose 0.57 percent to QR159.00, Electricity and Water gained 0.94 percent to QR139.90 and Islamic Insurance up by 2.13 percent to Q52.70.
The banking and financial sector index was up 0.44 points while Consumer Goods and Services sector index lost 0.03 points.
The industrial sector was added 0.88 points while insurance sector fell 0.26 points.
Most Middle East markets edged higher in lacklustre trade.
Dubai’s measure index climbed 1 percent. About 79 million shares traded, which was 58 percent higher than a day earlier, but still less than half the 2013 average of 177 million shares.
The index has declined in four out of six sessions, reducing year-to-date gains to 13.6 percent. QNA/Reuters
