UAE markets end in red

DUBAI — UAE markets yesterday closed a week of trading in the red, with the Dubai Financial Market (DFM) General Index dropping 1 per cent to 4,124.80 and the Abu Dhabi Securities Market (ADSM) Index falling 1.2 per cent to 3,304.55.

By A Staff Reporter

Published: Fri 18 May 2007, 9:12 AM

Last updated: Sat 4 Apr 2015, 11:06 PM

Dubai Islamic Insurance fell 2.7 per cent to close at Dh14.60, SHUAA Captial declined 2.5 per cent to close at Dh5.07, Amlak Finance dropped 2.4 per cent to Dh3.25, ARAMEX dropped 1.74 per cent to close at Dh2.25, and Dubai Islamic Bank decreased 1.2 per cent to Dh9. Arab Insurance Group topped Dubai's main index with a climb of 6.42 per cent to Dh2.98, followed by Islamic Arab Ins. with a rise of 3.13 per cent to Dh2.96, and TABREED with a gain of 2.85 per cent to Dh2.52.

Emirates Bank International rose 1 per cent to close at Dh9.10 and du, UAE's second largest telecom company, advanced 0.8 per cent to Dh5.13. In the Abu Dhabi benchmark, Abu Dhabi Ship Building Co. fell 8 per cent to Dh2.7, Emirates Foodstuff & Mineral Water Co. decreased 4.6 per cent to Dh1.44, International Fish Farming Co. declined 4.4 to Dh6.60, and Gulf Pharmaceutical Industries dropped 3.23 per cent to Dh1.79. On Wednesday, Emirates Foodstuff & Mineral Water Co. advanced 6.21 rise to Dh1.41.

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