UAE indices head south

DUBAI — Leading UAE indices closed lower yesterday despite better than expected results from companies such as Emaar Properties, Amlak and Tamweel. While the Dubai Financial Market Index slipped 1.7 per cent, the Abu Dhabi Index and NBAD General Index slipped 1.3 per cent and 1.05 per cent, respectively.

By A Staff Reporter

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Published: Thu 1 Feb 2007, 8:40 AM

Last updated: Sat 4 Apr 2015, 9:45 PM

Across the two bourses, the UAE market traded 137 million shares worth Dh903 million. On DFM, Emaar slipped 1.17 per cent to Dh12.55. While Amlak slipped 8.4 per cent to Dh4.56, Commercial Bank of Dubai and Dubai Islamic Bank were down 4.6 per cent and 1.4 per cent, respectively.

On ADSM, banking sector reported across the board fall in share prices. While National Bank of Abu Dhabi, UAE's biggest lender closed 2.24 per cent down at Dh23.95, Abu Dhabi Commercial Bank and First Gulf Bank slipped 1 per cent and 1.19 per cent, respectively. Telecom major Etisalat closed 1 per cent down at Dh16.20 as leading property share Al Dar closed 4.9 per cent down at Dh3.85.

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