Shares of Marka ended 2.5 per cent lower on their second day of trading following its listing on Thursday.
The shares are, however, still up 55 per cent.
The upmarket retailing and hospitality company – which last week became the first new listing on the Dubai Financial Market’s main index since 2009 – closed down by 4 fils at Dh1.55.
Marka shares soared by as much as 77 per cent on its first day of trading, eventually closing up 59 per cent at Dh1.59.
Marka’s trimming of gains, together with similar falls from Arabtec and Gulf Finance House, caused the DFM to close down 1.26 per cent at 4,990.72.
Arabtec shares fell by 3.28 per cent to Dh4.42, after the company said that it was close to completing the planning and design stage of a US$40 billion contract with the Egyptian army to build one million homes in the country, denying media reports that its commitment to the project was flagging.
The Abu Dhabi Securities Exchange General Index closed down 1.03 per cent at 5,074.77. The index was pulled down by shares in the property developer Aldar, which fell by 3 per cent to Dh3.88.
jeverington@thenational.ae
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