Markets Decline Today

DFM index was dragged down due to losses at real estate and financial firms, by 1.59% to 1,493.60 points. Emaar Properties (down 2.43% at Dhs3.21) and Arabtec (3.43% lower at at Dhs1.69) were main losers. DFM shares weakened by two percent to Dhs1.45.  Traded value went up 58% to Dhs88.5m as shares changed hands, 21% more than last Thursday.

The Abu Dhabi Securities Exchange (ADX) ended 0.10% lower at 2,526.83 points.  ADX real estate development heavyweight Aldar Properties and oil giant Taqa fell by 5.22% to Dhs2.15 and by 3.20% to Dhs.1.21, respectively. Only three shares which added value, and only Gulf Cement Co. jumped by 6.79% to Dhs1.77.

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                     4.784         4.995

Pound                  5.755         5.999
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Gold Rates (AED)

Type             Today              Yesterday

TT Bar           16650.00         16700.00

24 Carat       145.00             145.50

22 Carat       135.00             135.25

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