Emaar closes up despite lackluster trading
UAE real estate major Emaar Properties closed 10 fils up at Dh14.35 on Sunday’s trading across UAE bourses, while Amlak and Aramex both reported marginal losses at the end of the day’s trading.
Meanwhile, most key UAE stock indices closed lower by the end of the day as both the Dubai and Abu Dhabi bourses reported light trading according to Khaleej Times. The Dubai Financial Market index closed 0.38per cent down at 435.6 as the Abu Dhabi index fell to 3,483.6, reflecting a 0.48 per cent drop.
The UAE bourses traded 87 million shares worth Dh700 million throughout the day while the Dubai Financial Market’s turnover stood at some Dh638 million.
Amidst the lackluster trading of the bourse, most DFM-listed shares reported drops in share prices. In the banking sector, the Commercial Bank of Dubai and National Bank of Dubai were down 5 fils each.
On the Abu Dhabi Securities Market (ADSM) on the other hand, a similar lackluster trend was encountered, with Etisalat closing unchanged at Dh19. The National Bank of Abu Dhabi closed 3.9 per cent down at Dh24.20 as Abu Dhabi Commercial Bank and First Gulf Bank rose 0.5 per cent and 1 per cent respectively.
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