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Dubai: The Abu Dhabi bourse ended lower for the second straight day, pulled down by declines in banking, energy and real estates sectors. The index declined 0.31 per cent to close fractionally short of the 5,000 mark at 4,999.17.
Among banks, United Arab Bank, the capital's second-biggest bank by market value, lost a substantial 10 per cent to end at Dh6.21. First Gulf Bank and National Bank of Abu Dhabi retreated 1.06 per cent and 0.94 per cent to Dh23.35 and Dh21.05 respectively.
Aabar Energy continued its losing streak, losing 0.86 per cent to Dh3.44. Dana Gas also lost, going down 1.88 per cent to end at Dh2.09.
In the real estate sector, while Sorouh Properties declined 0.98 per cent, Aldar Properties remained flat to close at Dh12.20.
With the capital in the middle of a construction boom, not surprisingly, Arkan Building Materials Company has been mostly in positive territory with marginal declines occasionally. It ended the day, gaining 5.38 per cent to Dh6.22. The construction supplies company got a Dh1.04 billion loan from six Arab banks to pay for building a new cement plant.
etisalat, the telecom major, ended the day flat at Dh20.90. Of the 44 traded stocks, 17 advanced, 22 declined and five remained unchanged.
The Dubai Financial Market General Index edged up 0.34 per cent to 5,668.78. With Emaar going up by 10 fils to close at Dh11.40, a gain of 0.89 per cent, the real estate sector ended positively. With Emirates NBD declining 0.84 per cent to Dh11.85, the banking sector lost 0.30 per cent.
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