Lack of activity drags UAE indices down | GulfNews.com:
"UAE bourses ended lower on Thursday due to lack of activity as traders are preparing for a long weekend due to Eid Al Fitr holidays.
Dubai’s benchmark index ended down 0.34 per cent to 4,651.75 points and Abu Dhabi’s ADX index by 0.23 per cent to 4,952.96, dragged down by real estate, finance and investment shares.
“Even though today’s [Thursday] volume is better than Wednesday, it is still below average. The main reason is due to low trading on Arabtec shares, considerably lower than the two previous trading sessions. It now represents about 30 per cent of trading volume compared to 60 per cent couples of weeks back,” said Mohammad Ali Yasin, managing director of NBAD Securities in Abu Dhabi."
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