Dubai rises as investors buy shares not part of MSCI index | GulfNews.com

Dubai rises as investors buy shares not part of MSCI index | GulfNews.com:



"Dubai and Abu Dhabi indices trade in opposite directions as local investors bought shares which are not part of the MSCI index.



Dubai’s benchmark index — DFM — rose by 1.88 per cent to 5,151.21 points on Monday while Abu Dhabi’s ADX index fell by 0.47 per cent to 5,133.54



“Many of the local investors in Dubai, who were able to book profits on Thursday and Sunday, decided to go for the shares of the companies which are not part of the MSCI index,” Mohammad Ali Yasin, managing director of NBAD Securities in Abu Dhabi, told Gulf News



Among the shares listed on MSCI index, DP World rose 4.70 per cent while Emaar rose by 3.48 per cent. Abu Dhabi Commercial Bank was up 1.41 per cent. Among the daily losers were First Gulf Bank, which fell 1.70 per cent, National bank of Abu Dhabi, which fell by 1.55 per cent, and Aldar Properties, which was down by 0.23 per cent."



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