Dubaiís stocks fell on Monday, taking cues from Asian markets, after US jobs data published on Friday failed to meet expectations. Global markets were closed on Friday through the weekend in observance of Easter.
Gulf Navigation, the emirateís only publicly traded oil-tanker owner, fell 7.1 per cent to 33 fils a share at 11am Dubai time. Arabtec Holding, the regionís largest contractor, lost 4.3 per cent to Dh3.29 a piece.
In the US, only 120,000 jobs were added last month, far below the estimate of 203,000 jobs.
Global Investment House increased its fair value on the shares of Emaar Properties, from Dh3.30 to Dh4 and Sorouh Real Estate from Dh1.05 to Dh1.25.
Japanís Nikkei 225 Index fell 1.4 per cent to 9546.26 points. Hong Kongís Hang Seng Index fell 0.9 per cent to 20,593.00 points.
Elsewhere in the region, Kuwaitís index fell 0.1 per cent to 6146.00 points. Bahrainís index fell 0.4 per cent to 1138.39 points. Omanís MSM 30 Index lost 0.3 per cent to 5827.44 points. Qatarís QE Index slipped 0.1 per cent to 8767.30 points. The Saudi Tadawul All-Share Index fell 1.8 per cent to 7717.72 points yesterday.