AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.
At the Abu Dhabi market ADX, which lost 0.38% on Monday to close at 2,693.89 points, shares of Gulf Pharmaceutical, known as Julphar, climbed 5.17% to reach Dhs1.83. Julphar broke a key resistance level at Dhs1.80. Since the UAE imports 70% of its medical drugs, local pharmaceutical firms have been constantly expanding their businesses in recent years. Shares of market bellwether Aldar Properties weakened 1.77% to close at Dhs2.20. Like in Dubai, financial shares performed weaker in Abu Dhabi. National Bank of Umm al-Qaiwain posted the second largest decline, ending 4.52% lower at Dhs1.90.