Yesterday, there was a minor drop in the UAE stock markets because many investors booked profits following a week of strong profits.

The Abu Dhabi Securities Exchange General Index relaxed 0.06 per cent lower at 2,866.18.

A plunge by 1.6 pct was seen in the day's trading, Abu Dhabi National Energy Company to Dh1.21 a share. Sorouh Real Estate concluded 1.2 per cent down at Dh2.39.

One could see the Dubai Financial Market (DFM) General Index retreating 1.3 per cent to 1,722.63.

The UAE's largest investment bank, Shuaa Capital plunged 3.6 per cent to Dh1.31 a share, while Tabreed's shares shed 4 per cent to Dh0.47.

A fall by 3.4 pct to Dh2.26 was seen in Arabtec Holding shares on investor reaction to the news on Sunday that Deutsche Bank had lowered its rating on the stock to "hold" from "buy".