Dubai’s DFM ekes out gains as Abu Dhabi’s ADX slips | Markets – Gulf News:
The main benchmark on the Dubai bourse ended marginally higher on Tuesday, as gains recorded by banking stocks were almost nulled by declines in the real estate sector.
The top index on the Dubai Financial Market (DFM) edged up 0.1 per cent at 2,854.92 points in light trade, while the Abu Dhabi Securities Exchange (ADX) slipped 0.5 per cent to 5,184.53.
While real estate blue-chip Emaar Property slipped 0.2 per cent, top lender Emirates NBD rose 0.4 per cent and Dubai Islamic Bank edged up 0.2 per cent.
DFM’s real estate peer tracker fell 0.2 per cent, while lending stocks rose 0.2 per cent. This comes a day after the Dubai index snapped a seven-day winning streak as the index was dragged by losses of 0.7 per cent in both the banking and real estate sectors.
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