{"id":6348,"date":"2016-02-29T18:48:40","date_gmt":"2016-02-29T11:48:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=6348"},"modified":"2016-02-29T16:04:59","modified_gmt":"2016-02-29T09:04:59","slug":"uae-bourses-down-as-traders-book-profits-qatar-index-up","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-bourses-down-as-traders-book-profits-qatar-index-up\/","title":{"rendered":"UAE bourses down as traders book profits, Qatar index up"},"content":{"rendered":"


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\nStock markets in the United Arab Emirates edged down in early trade on Monday as investors booked profits in mid-cap stocks, while Qatar edged up, supported by Gulf International Services.Dubai’s index edged down 0.3 per cent with 14 stocks falling and 12 rising. Drake and Scull, which has been attracting large volumes over the last five trading sessions, fell 1.4 per cent; the builder has jumped over 40 per cent from a record low in mid-January.
\nBut builder Arabtec jumped 8.7 per cent and made up three-fifth of total volumes traded.”Now it is about momentum trading in select stocks,” said Muhammed Shabbir, head of equities funds at Dubai-based Rasmala.Abu Dhabi’s benchmark slid 0.1 per cent with investors booking profits in mid-tier real estate companies Eshraq Properties and RAK Properties.The two most traded shares – which are individually up by more than 25 per cent this month – each dropped more than 1.0 per cent in early trade. Blue chip banking stocks were dormant, with only Abu Dhabi Commercial Bank adding 1.3 per cent in modest volume.
\nIn Qatar the stock index added 0.5 per cent in the first 15 minutes of trade with oil rig provider Gulf International Services, the most traded stock, adding 1.4 per cent.business@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…UAE bourses down as traders book profits, Qatar index up<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock markets in the United Arab Emirates edged down in early trade on Monday...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-6348","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1Eo","jetpack-related-posts":[{"id":98485,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-stocks-hit-as-housing-ministry-instructs-six-provinces-to-conduct-in-depth-study-of-pre-sales\/","url_meta":{"origin":6348,"position":0},"title":"Chinese property stocks hit as housing ministry instructs six provinces to conduct in-depth study of pre-sales","date":"September 25, 2018","format":false,"excerpt":"\r Chinese property stocks fell on Tuesday after a long weekend break amid reports of possible property pre-sale restrictions in Guangdong and five other provinces, while the ongoing US-China trade war continued to hurt the overall market sentiment. The Shanghai Composite Index fell 0.6 per cent, or 16.35 points, to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-stocks-extend-drop-as-byd-meituan-pace-losses-amid-competition\/","url_meta":{"origin":6348,"position":1},"title":"Hong Kong stocks extend drop as BYD, Meituan pace losses amid competition","date":"May 27, 2025","format":false,"excerpt":"\r Hong Kong stocks erased gains amid concerns that escalating competition among China\u2019s leading carmakers and e-commerce operators will hurt margins and prompt investors to retreat. The Hang Seng Index fell 0.5 per cent to 23,171.51 at 11.30am local time on Tuesday, reversing an earlier gain of as much as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-properties-q2-net-profit-up-9-7-despite-property-slowdown-in-abu-dhabi\/","url_meta":{"origin":6348,"position":2},"title":"Aldar Properties Q2 net profit up 9.7% despite property slowdown in Abu Dhabi","date":"August 2, 2016","format":false,"excerpt":"\r Second quarter profits at Aldar Properties rose by nearly a tenth despite a slowdown in the city's property market.Abu Dhabi's largest listed house builder said profits for the three months to the end of June rose 9.7 per cent compared with the same period a year ago to Dh657.3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-share-surge-driven-purely-by-rumours-as-recommendation-is-to-sell\/","url_meta":{"origin":6348,"position":3},"title":"Arabtec share surge 'driven purely by rumours' as recommendation is to sell","date":"March 2, 2016","format":false,"excerpt":"\r \r Arabtec's shares extended gains for a fourth consecutive day on Wednesday morning, opening up 6 per cent, even as the stock was downgraded to sell by EFG Hermes.EFG said that this week's rally in Arabtec shares, which have increased in value by more than 50 per cent since\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-shares-plunge-20-per-cent-as-rally-comes-to-dramatic-end\/","url_meta":{"origin":6348,"position":4},"title":"Arabtec shares plunge 20 per cent as rally comes to dramatic end","date":"March 2, 2016","format":false,"excerpt":"\r \r Arabtec plummeted 20 per cent in the final 90 minutes of trading, bringing the stock's dramatic three-day rally to an abrupt end.EFG Hermes downgraded Arabtec to 'sell' from 'hold', arguing that the construction firm's fundamentals did not justify recent rises in their share prices.The bank argued that the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6372,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-shares-soar-after-former-chief-hasan-ismaik-raises-stake-in-dubai-builder\/","url_meta":{"origin":6348,"position":5},"title":"Arabtec shares soar after former chief Hasan Ismaik raises stake in Dubai builder","date":"February 29, 2016","format":false,"excerpt":"\r \r Arabtec Holding's former chief executive Hasan Ismaik has increased his shareholding in the builder, sending its shares soaring to their highest level since November.Mr Ismaik's shareholding in the company increased to 11.91 per cent from 11.81 per cent, according to the Dubai Financial Market website. The stock rose\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/6348"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=6348"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/6348\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=6348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=6348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=6348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}