Dubai remains flat as Abu Dhabi stock market drops marginally

The UAE markets showed some contrast on Monday with Abu Dhabi in modest decline and the Dubai market gaining a fraction.
On balance, this dragged the Emirates Securities general index 0.30 per cent lower to 6,040.33 at the close of trading.

The Abu Dhabi Securities Market (ADSM) general index fell 0.58 per cent to 4,785.63, while the Dubai Financial Market (DFM) index gained 0.09 per cent, closing at 5,756.93.
On the ADSM, the fall was led by construction sub-index that fell 1.65 per cent from Sunday, while energy sub-index declined 1.22 per cent.
Shares valued at more than Dh897.53 million were traded during the day on the market, with the volume of shares traded exceeding 102.82 million.

Shares of Aabar Petro-leum Investments Company were the most actively traded, while Emirates Driving Company was the day's main gainer with its shares closing 4.36 per cent higher at Dh5.50.

Fujairah Cement Industries was the main loser during the day's trading with its shares declining 10 per cent and closing at Dh7.20.
On the Dubai Financial Market, more than 168.67 million shares valued in excess of Dh973.72 million were traded. Air Arabia's shares were the most actively traded, followed by real estate major Emaar Properties.

The day's main gainer was International Financial Advisors, whose shares rose 5.93 per cent to close at Dh12.50. The day's main loser was Ware-Agility that fell 6.05 per cent at the close to Dh20.20.