Markets: Dubai Stocks end marginally lower

Dubai Financial Market (DFM) stocks ended marginally lower on Thursday on profit-taking by investors; the DFM Index closed 0.57 per cent down at 1,879.26.

The Abu Dhabi Securities Exchange general index however, rose 0.23 per cent to 2,774.27 after two posting declines for two consecutive trading days. The rise was led by construction, insurance and real estate stocks.

In Dubai, 310.32 million shares cumulatively worth around Dh609.79 million were traded. On the Abu Dhabi bourse, the volume of trade was however, lower. As many as 66.69 million shares worth around Dh138.28 million changed hands on the ADX.
In Dubai, real estate major Emaar led the decline. Emaar's stock fell 0.75 per cent to Dh3.95 by the close of trade.

Real estate developer Aldar Properties' shares were the most traded by value in Abu Dhabi today with its shares worth Dh47.94 million being traded. Aldar's stock ended the day at at Dh5.37, 0.07 per cent higher.
 

Earlier, Dubai Financial Market (DFM) index was s down 1.17 per cent to 1,867.91 on profit-taking by investors; Abu Dhabi Securities Exchange general index up marginally to 2.770.86 at 11:30 am.

The DFM index is dragged down by declines in real estate major Emaar, DFM and Arabtec stocks. Emaar is trading 1.26 per cent lower at Dh3.93.

In Abu Dhabi, 17.98 million shares worth Dh38.55 million have been traded so far, gains are led by real estate and insurance stocks. Aldar Properties' shares are up 0.04 per cent to Dh5.28.

In Dubai shares 117.93 million shares worth Dh264.62 million have been traded yet.