Shares in the UAE began the week slightly in the red on Sunday, as investors booked gains made at the end of last week.
The Qatar Exchange was the standout performer on an otherwise quiet day across the Arabian Gulf, with the remainder of the region’s headline indexes moving by less than half a per cent.
The Dubai Financial Market General Index fell by about 0.6 per cent in early trading before recovering to finish down by 0.1 per cent at 3,645.85.
Heavyweight Emaar Properties led the way down, closing off 0.5 per cent at Dh7.60.
Shares in Arabtec Holding resumed their slide after regaining ground on Thursday, falling 3.9 per cent to 99.9 fils, their lowest level since late 2015.
Damac Properties led gainers, rising 1.4 per cent to Dh2.88, following the official launch on Saturday of the Trump International Golf Club Dubai.
Shares in the capital, meanwhile, closed 0.5 per cent lower at 4,620.81.
Etisalat shares ended the day down 1.1 per cent at Dh18.25 as investors booked profits following a 3 per cent rise by the telco’s shares on Thursday.
FGB closed down 0.7 per cent at Dh13.60, shedding the gains of the previous trading day.
Eshraq Properties led gains and dominated trading, closing up 9.5 per cent at Dh1.15, despite the developer announcing annual losses last week.
Gains on the Qatar Exchange, which rose by 0.9 per cent, were made possible by increases in QNB and Ooredoo.
In Saudi Arabia, the Tadawul closed up 0.1 per cent thanks to gains by Al Rajhi Bank and Sabic.
jeverington@thenational.ae
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