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Methaq Takaful cracks key resistance level

The Abu Dhabi-based exchange ADX declined by 0.15% and closed at 2,601.02 points. The emirate's largest real estate developer Aldar Properties ended 0.82% higher at Dhs1.23. Islamic insurance company Methaq Takaful was the most liquid stock and jumped two percent, reaching Dhs1.52. With today's move Methaq Takaful has crossed a long-term resistance level at Dhs1.50. Trading volumes remained very low as some 38.3m shares were traded, valued at Dhs58.2m.