Dubai shares slip on profit-taking

Dubai’s benchmark index fell slightly on profit-taking on Sunday after a three-day rally, pulled down by real estate and services sector shares. The DFM index is the best performer among the Arab bourses and has surged close to 108 per cent for the year.
The bellwether Emaar Properties declined 1.62 per cent to Dh7.28 while Deyaar fell by 0.33 per cent to Dh0.920. Among the gainers, Depa rose 8.43 per cent to $0.630 , followed by Gulf Navigation by 7.84 per cent to Dh399 and Gulf Finance by 3.70 per cent to Dh0.589.
National Industries Group suffered the worst by 10 per cent to Dh9.45, followed by Agility by 7.58 per cent to Dh8.78 and International Financial Advisors by 7.30 per cent to Dh1.27. Of the 31 companies traded, eight rose, 16 fell and seven remained unchanged. About 774.88 million shares worth Dh786.33 billion were traded on Sunday. Gulf Finance House was the active value and volume leader on Dubai bourse. Abu Dhabi In Abu Dhabi , the ADX index closed 0.16 per cent down at 4145.98 points.
The index has risen 67.03 per cent for the year. Among the gainers, Waha rose by 12.44 per cent to Dh2.17, followed by Green Crescent Insurance Company by 11.19 per cent to Dh1.49 and Finance House by 6.93 per cent to Dh3.55.
Union Cement Company suffered the worst by 9.66 per cent to Dh1.59, followed by Gulf Cement by 8.70 per cent to Dh1.47 and Umm Al Quwain by 3.20 per cent to Dh1.21. Of the 34 companies traded, 17 rose, 13 declined and four closed unchanged. About 611.90 million shares worth Dh970.34 million were traded. Eshara was the active value and volume leader.

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