Dubai and Abu Dhabi markets decline | GulfNews.com:
"Both Dubai and Abu Dhabi stock markets declined on Wednesday.
The Dubai Financial Market index (DFM) lost 3.26 per cent of its value to close at 4,845.78, with a total trade value of just over Dh2 billion. The Abu Dhabi Securities Exchange index (ADX) closed 2.37 per cent down at 4977.67, with a total trade value of Dh1.3 billion.
Only three of the 30 stocks traded on the DFM made gains. The market’s property firms bore the brunt of the dip, with Arabtec — which had gained 9.18 per cent on Tuesday — dropping 5.41 per cent to close at Dh6.30, after trading worth 977 million — considerably less than the Dh1.6 billion that fuelled Tuesday’s gains.
Emaar lost 3.94 per cent to close at Dh9.75, after trades worth Dh427 million, and Union Properties losing 1.86 per cent to close at Dh2.11 after trades worth Dh170 million. Arabtec, Emaar and Union Properties were the three most-traded shares by value and volume."
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