NBAD early leader on Abu Dhabi bourse

National Bank of Abu Dhabi was one of the early gainers on the UAE markets today, which had a shaky start this morning.

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UAE markets opened in negative territory in early trading as property stocks continued to drag down shares this morning.

The Dubai Financial Market (DFM) General Index fell 0.2 per cent to 1,698.63 points and the Abu Dhabi Securities Exchange Index slipped 0.08 per cent to 2,740.46 points.

Emirates NBD led declines in Dubai as shares dropped 1.8 per cent to Dh3.21.

Other losers on the exchange were Dubai Investments Company, which fell 1.08 per cent to Dh0.91 and Aramex, which lost 1.5 per cent to Dh2.01.

In Abu Dhabi, property shares continued to weigh on the exchange as Aldar fell 0.43 per cent to Dh2.3 and Arkan reversed yesterday’s gains to fall nearly 2 per cent to Dh2.03.

But banking stocks in the Emirate fared better and National Bank of Abu Dhabi rose 1.23 per cent to Dh12.3.