Banking results to set tone for UAE stocks:
Traders on UAE bourses waiting for a trigger has been selling at every recovery even as they eye the fourth results from banks.
The Dubai Financial Market general index closed 0.41 per cent lower at 2,527.28. Traders on the UAE bourses have been stuck with loss-making positions hoping to see a recovery to at least see a break-even. They have been eyeing fourth quarter to December results from Emirates NBD, Abu Dhabi Commercial Bank among others which are scheduled to announce their results this week. Emirates NBD closed 0.99 per cent higher at Dh9.19. Dubai Islamic Bank closed 1.18 per cent higher at Dh5.14.
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