The Abu Dhabi Securities Exchange ended almost flat gaining just 0.27 per cent to close at 2766. Stocks of Union Cement performed very well with its stocks surged 9.46 percent to Dhs9.46 on the bourses. The day did not remained good for the National Bank of Ras Al-Khaimah which remained the biggest loser of the day reporting a fall of 8.05 percent to Dhs4.05.

Investors have shown a great deal of interest in the stocks of Air Arabia and its shares surged 4.26 percent to Dhs0.98. Global Investment House rose 8.55 percent to Dhs1.27.

Meanwhile, the International Monetary Fund (IMF) has asked for the need to speedily carry out restructuring of the Dubai World’s companies in order to boost the derailed morale of the investors. The fund, however, expressed satisfaction over slowly improving market conditions but did not deny abrupt changes in the financial segment.

Meanwhile, the crisis ridden Dubai World has said that it would approach creditors in March for possible restructuring of about $22 billion of debt after the completion of the valuation of the assets of the company.