UAE shares had a mixed day even as global markets rallied ahead of the Brexit referendum in the UK on Thursday.
The pound rose slightly against the dollar and European stocks inched higher as traders grew more confident about the UK voting to remain in Europe, even as polls suggest today’s vote is too close to call.
Shares in Dubai rose for the third day in a row to lead gains across the Arabian Gulf, finishing up 0.9 per cent at 3,375.87, their highest level since early May.
Emaar Properties and Emaar Malls led big-name gains, ending the day up 1.92 per cent and 3.92 per cent respectively.
Commercial Bank of Dubai led losses on the index, shedding 3.4 per cent to Dh5.60, its sharpest one-day fall since early May.
Shares in Abu Dhabi ended a quiet day largely unchanged, drifting 0.1 per cent lower to finish at 4,497.85.
ADCB and NBAD led gains in the capital, finishing up 2.7 per cent and 1.6 per cent respectively.
FGB and Aldar Properties acted as anchors on the index, finishing 1.5 per cent and 1 per cent lower respectively.
Elsewhere in the region, shares ended flat in Oman and on the Qatar Exchange.
jeverington@thenational.ae
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