UAE shares fall on profit-taking

UAE shares failed to hold on to its rally on Monday as investors booked profits.

Dubai?s DFM index fell 0.38 per cent to 2912.83 points, after touching a five-year high on Sunday.

The index hit an intraday high of 2935 points and a low of 2902.38 points on Monday.

Among the gainers, Shuaa rose by 14.13 per cent to Dh1.05, followed by CBD by 2.33 per cent to Dh4.40 and Deyaar by 1.64 per cent to Dh0.744.

NGI suffered the worst by 10 per cent to Dh9.36, followed by Salama by 5.40 per cent to Dh0.806 and Aman by 3.54 per cent by Dh1.09.

Emaar shares closed down 0.81 per cent to Dh6.16 after touching its highest close since August 26 on Sunday.

Of the 32 companies traded, nine rose, 19 fell and four remained unchanged.

About 586.59 million shares worth Dh655.63 million were traded on Monday.

Union Properties was the active value leader and Deyaar was the active volume leader on Dubai bourse.

via UAE shares fall on profit-taking | GulfNews.com.

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