DFM and ADX edge lower

The Dubai Financial Market slipped 0.58% today to 1,747, with 9 stocks rising and 18 stocks falling. Market heavyweight Emaar Properties slipped 2.02% to Dhs3.88. Emirates NBD moved up 2.71% to Dhs3.03. The biggest lose of the day was International Financial Advisors (IFA), slipping 9.57% to Dhs5.20.

The Abu Dhabi Securities Exchange also slipped 0.27% today to 2,803, led by the Healthcare sector, which fell 6.40%. Dana Gas gained slightly by 1.12% to Dhs0.89. The day’s main gainer was NBAD Subordinated Convertible Notes, which moved up by 9.84% to Dhs78.00.

The current Foreign Exchange and Gold rates are:

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Forex Rates (AED)

Currency             Buy            Sell

US Dollars            3.653         3.685

Euro                     4.819         5.015

Pound                  5.572         5.789
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Gold Rates (AED)

Type             Today              Yesterday

TT Bar           15970.00         16000.00

24 Carat       139.00             139.50

22 Carat       129.25             130.00

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