VOL. XLIV

No. 19

7-May-2001

UAE

UAE Shares Respond Modestly To New Market Developments

In line with market expectations, UAE equities reported a modest gain in the week ending 2 May, with the General Index of the National Bank of Abu Dhabi (NBAD), which consists of 38 over-the-counter (OTC) stocks, closing 0.78% up at 2,499.55 compared to 2,480.22 the previous week (see Table below). NBADs Emirates Stock Market Index (ESMI), which comprises 25 companies listed on the Dubai Financial Market (DFM)...