UAE investors follow global lead on Korean conflict
International events continued to weigh on investor confidence this morning as UAE markets slipped.
As political tensions in Korea continued to impact global markets, the Abu Dhabi Securities Exchange Index fell 0.1 per cent to 2,752.97 points and the Dubai Financial Market (DFM) General Index slipped 0.3 per cent to 1,685.89 points.
National Bank of Abu Dhabi dropped 0.05 per cent to Dh12.4. Abu Dhabi's biggest bank yesterday announced a new head of corporate banking, Vasgen Edwards, who joins from Lloyds Banking Group.
Property stocks in the Emirate were mixed. Aldar Properties inched 0.02 per cent lower to Dh2.24, but Sorouh Real Estate opened flat at Dh2.3.
Arkan Building Materials was one of the only positive movers of the day as it gained 0.05 per cent higher to Dh2.
In Dubai, Emaar Properties slipped 0.03 per cent to Dh3.66 and Aramex opened 0.02 per cent lower to Dh2.12.
No stocks opened up in early trading.
Published: November 24, 2010 04:00 AM