Dubai, Abu Dhabi markets down

Abu Dhabi: Dubai Financial Market (DFM) stocks ended 2.51 per cent lower on Sunday on profit-taking by investors, the DFM Index closed at 1832.09.

The Abu Dhabi Securities Exchange general index also fell - 0.91 per cent - to 2,749.08. The decline in Abu Dhabi was led by healthcare, banking and construction stocks.

In Dubai, about 247.96 million shares cumulatively worth around Dh466.03 million were transacted. On the Abu Dhabi bourse, the volume of trade was however, lower. As many as 61.22 million shares worth around Dh125.13 million changed hands on the ADX.

In Dubai, real estate major Emaar led the decline. Emaar's stock fell 3.29 per cent to Dh3.82 by the close of trade. DFM shares also fell - 4.71 per cent to Dh1.82.

Real estate developer Aldar Properties' shares were the most traded by value in Abu Dhabi today with its shares worth Dh31.20 million being traded. Aldar's stock ended the day at at Dh5.25, 0.04 per cent higher.
 

Market at 11.20

Earlier the Dubai Financial Market (DFM) index fell 0.75 per cent to 1,867.40 on profit-taking by investors; Abu Dhabi Securities Exchange general index also down marginally at 2.763.59 at 11:20 am on Sunday.

In Dubai, 91.76 million shares worth Dh178.24 million have been traded so far, while in Abu Dhabi, 22.52 million shares worth Dh52.38 million have been traded.

Real estate major Emaar and DFM stocks are trading higher in Dubai. Emaar is trading at Dh3.98, up 0.76 per cent, while the DFM stock is at Dh1.92, up 0.52 per cent.

The Abu Dhabi general index is being pulled down by declines in healthcare, banking and insurance stocks. Real estate sub-index however, is up. Aldar Properties and Sorouh Real Estate seen registering nominal gains.