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Ajman Bank rises, launches ladies banking ‘Mahra’

The Dubai Financial Market (DFM) closed 0.38% higher at 1,557.60 amid thin trading. Emaar Properties was lifted by 0.65% to Dhs3.10. Ajman Bank jumped 2.71%, reaching Dhs0.909. Earleir in the day Ajman Bank, an Islamic bank founded in 2007, launched Mahra Ladies Banking, which will be headed by Maryam Al Shorafa. Budget flyer Air Arabia dipped 0.72% to Dhs0.69. Air Arabia announced today that it had signed a memorandum of understanding (MoU) with the Telecommunications Regulatory Authority (TRA) that will lead to enhanced online security. At the DFM, 16 shares gained, 10 closed lower and three ended flat. Around 68.77m shares were traded, valued at Dhs77.56m.