The main index of Dubai shares fell, for the second day, by 0.9%, affected by the decline of the leading share of Emaar Properties by 1.8%, and the decline of the shares of Union Real Estate and Ithmaar Holding approximately 5% for each, as well as the decline of Emirates NBD Bank 1%.
The Abu Dhabi index fell 0.1% due to the loss of First Abu Dhabi Bank, the largest bank in the UAE, 0.2%, and the share of Aldar Properties, which fell 1%.
On Wednesday, the general assembly of the UAE-based Arabtec Holding Company, listed on the Dubai Financial Market, decided to dissolve the company and apply to the competent court to declare the company bankrupt and liquidate it, reflecting the great troubles facing the real estate sector in the emirate.
The leading stock index in Egypt fell 0.6 percent, and most of the index shares fell, such as Ibn Sina Pharma, which fell 3.6 percent.
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