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UAE stocks end mixed
- United Arab Emirates: Thursday, January 24 - 2008 at 17:03
UAE markets reported a mixed performance on Thursday, reflecting confusion among investors towards the direction of stock prices, reported Gulf News. The Emirates Securities general index retreated by one per cent to 5,824.34, as the losses in Dubai outpaced the modest gains recorded in Abu Dhabi Securities Market (ADSM). Dubai's benchmark index fell by 2.66 per cent to 5,602.37 on account of Emaar Properties 4.06 per cent drop, as well as the seesaw pattern of decline going as high as 8.18 per cent for Emirates Integrated Telecommunications (du) or as low as 0.36 per cent for Tamweel. Dubai Financial Market's (DFM) stock was the only substantial winner, advancing by almost four per cent to Dh5.23, while Air Arabia, Deyaar Development, and Amlak Finance all fell by three to four per cent.
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Amena Bakr, Senior ReporterThursday, January 24 - 2008 at 17:03 UAE local time (GMT+4)
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