Euro slips further

The Dubai Financial Market went up by 1.51% today to 1,739, led by the Real Estate sector, which gained 3.25%. Emaar Properties, the day’s most actively traded stock by value and by volume, gained 3.17% to Dhs3.91. Arabtec was the day’s big gainer, rising 6.01% to Dhs2.47. Overall, 17 stocks closed higher while 7 ended lower today.

The Abu Dhabi Securities Index nudged down slightly by 0.03% today to 2,777, with 13 stocks rising, 9 falling, and 9 unchanged. Gulf Cement was the day’s big gainer, rising 9.57% to Dhs2.06. while Construction sector was best performing, rising 3.20%. Taqa fell 5.74% to Dhs1.15.

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                     4.762         4.965

Pound                  5.516         5.729

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Gold Rates (AED)

Type             Today              Yesterday

TT Bar           16130.00         16225.00

24 Carat       140.50             141.25

22 Carat       130.75             131.50

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