By: Mahmoud Gamal
Dubai – Mubasher: Six UAE stocks only saw a positive performance on Wednesday, despite the fall of oil prices and Japanese stocks after Donald Trump won the US presidency.
Abu Dhabi-listed Eshraq Properties gained 2.2%, while Sharjah Islamic Bank and International Fish Farming Holding (Asmak) went up 1.33% and 1.31% respectively.
Some investment portfolios tended to invest in stocks which reached attractive price levels, after the announcement of good investment projects, capital market analyst Amir Mansour said.
In Dubai bourse, SHUAA Capital and GFH Financial Group rose 4.13% and 3.57% respectively. In addition, Marka’s stock grew 0.88%.
Abu Dhabi’s stock market fell 1.2% to reach 4,295.86 points, while Dubai’s main index went down 1.4% or 46.4 points to reach 3,260.32 points.
Brent crude fell 1.15% or 53 cents to reach $45.51 per barrel (pb), while US crude oil slid 1.29% or 58 cents to stand at $44.40 pb.
Translated by: Julian Nabil
