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Julphar shares break key resistance level

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.