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Abu Dhabi bourse closes slightly lower
- United Arab Emirates: Monday, August 10 - 2009 at 16:45
Abu Dhabi's ADX market closed 0.72% lower at 2,837.94 points on dwindling volumes. Profit takings at shares of RAK Properties (off 2.53% at Dhs0.77) weighed on the General Index in particular. National Bank of Abu Dhabi (NBAD) convertible notes dipped 10% and closed at Dhs81. Abu Dhabi National Takaful bucked the trend and posted the largest gain of 9.87%. Meanwhile, the rating agency Standard and Poor's said in a report that a growing number of fund managers investing the Middle East and North Africa (Mena) are worried about a market correction being imminent.
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Gérard Al-Fil, Financial JournalistMonday, August 10 - 2009 at 16:45 UAE local time (GMT+4)
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This article was updated on Tue Aug 11 2009.
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