Shares of Dubai Financial Market (DFM), which owns and operates the Dubai exchange, fell 2.8 per cent yesterday, after reporting a 68.5 per cent annual decline in first-quarter profit on Sunday.
The benchmark DFM General Index closed down 0.5 per cent, while the Abu Dhabi Securities Exchange (ADX) edged up 0.1 per cent.
Emaar Malls Group closed up 1.9 per cent at Dh3.11.
Among property stocks, Emaar Properties lost 0.5 per cent of its value, while Union Properties shed 1.3 per cent. Damac Properties, which was the second most traded stock on the Dubai bourse, declined 1.8 per cent.
In the construction space, Arabtec was flat, while Drake & Scull International fell 4.3 per cent. Gulf General Investment Company was the biggest decliner, losing 9.6 per cent, while Gulf Navigation fell 4.4 per cent.
In the capital, Dana Gas was the major gainer, ending 6.2 per cent higher at Dh0.51. Union National Bank gained 4.3 per cent to Dh6.67.
Eshraq Properties, which closed down 1.7 per cent, was the most traded stock on the ADX, with Dh140 million worth of shares traded yesterday. Aldar Properties fell 2.4 per cent.
Gulf Cement was the biggest decliner, slipping 5 per cent.
Methaq Takaful shed 4.9 per cent, while Abu Dhabi National Energy company or Taqa fell 3.8 per cent.
Brent futures remained static at $65 per barrel yesterday.
The MSCI Emerging Markets Index closed 0.6 per cent higher yesterday, completing a fourth consecutive day of gains. This was mainly led by gains on Chinese and Turkish bourses, with markets in Argentina, Brazil and Colombia also rising.
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