Abu Dhabi: UAE stocks suffered negative performance yesterday as Dubai's benchmark index fell by 1.37 per cent to 4,402.14, while Abu Dhabi's general index retreated by one per cent to 3,603.82.
The value of traded shares declined sharply in Dubai, allowing for more funds to flow towards Abu Dhabi Securities Market (ADSM) where Dh1.24 billion worth of shares changed hands, in contrast with Dh572.6 million in Dubai Financial Market (DFM).
In Abu Dhabi, the strong rally continued on the new building material company, Arkan, with more than Dh387 million worth of its shares traded, the company advanced by 1.14 per cent to Dh1.78.
The banking sector was the worst performer as the sub-index lost 1.6 per cent on account of the sharp decline of the National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, and Abu Dhabi Islamic Bank.
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