UAE markets down on profit-taking by investors

Abu Dhabi: UAE stock markets are down on Wednesday as profit taking by investors continues.

At 1:05 pm, the Dubai Financial Market index is down 3.87 per cent to at 1,733.51, while the Abu Dhabi Securities Exchange index is down 1.70 per cent to 2,697.92.

In Dubai, shares worth around Dh293.41 million have been transacted so far, while in Abu Dhabi shares worth Dh81.82 million have been traded.

In Dubai, the stock of real estate major Emaar is trading at Dh3.60, 5.76 per cent lower. In Abu Dhabi, Aldar Properties and Sorouh Real Estate stocks are the most traded scrips yet.