On Profit-booking: UAE Markets Drags Down

Dubai stocks dragged into relatively low record due to profit-booking. Generally, UAE stocks decline. Due to this alarming condition of UAE stocks, there are reports that Dubai's Emaar Properties maight also decline.

Dubai Financial Market (DFM), which announced a 231 per cent increase in its first quarter net profit, dropped 0.58 per cent to Dh5.15.

In Abu Dhabi, investors cashed in on the gains made in the past two sessions, especially in the real estate and energy sectors.

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