The stock has been sold off by international accounts since last week, said one trader, depressed by the sluggish outlook for Dubai's real estate market. Two Emaar subsidiaries performed much better, however, with Emaar Development gaining 3.3 percent and Emaar Malls adding 2.8 percent. Courier Aramex closed 2.1 percent up after a research note from FAB Securities last week said the company was expected to grow in value given the strong e-commerce activity across the region. On Nasdaq Dubai, interior contractor Depa became the first stock on that exchange to switch its listing currency to UAE dirhams from US dollars in an effort to attract more regional institutional and retail investors. The stock rose marginally as trading volumes edged higher but remained thin. The Saudi market gained in early trade but closed 0.2 percent down.