Dubai stocks snap their run of gains as Abu Dhabi moves little | Markets – Gulf News
Dubai stocks headed lower and Abu Dhabi index closed the day little changed as the markets took a breather after three days of back-to-back gains lured investors into profit-booking.
Dubai Financial Market traded 0.5 per cent higher at its peak during the session before moving downward to close the day lower by 0.3 per cent at 2,550 points. The drop comes after the last three consecutive days of gains coupled with morning advances helped the index appreciate an aggregate 3 per cent. The back-to-back gains proved enough to lure investors into encashing their positions in their quest for safe play in a volatile situation as the pandemic is still far from over.
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