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|17 April, 2018

Dubai's Aramex tests chart support as it goes ex-dividend

Stock goes ex-dividend on Tuesday.

An employee works at the reception at the distribution warehouse of the Aramex Emirates head offices and freight and logistics facility at Dubai Logistics City in Jebel Ali April 10, 2012. REUTERS/Jumana El Heloueh

An employee works at the reception at the distribution warehouse of the Aramex Emirates head offices and freight and logistics facility at Dubai Logistics City in Jebel Ali April 10, 2012. REUTERS/Jumana El Heloueh

REUTERS/Jumana El Heloueh

Shares in Dubai courier firm Aramex drop 3.3 percent to 4.06 dirhams in early, active trade.

Stock goes ex-dividend on Tuesday.

Stock testing technical support on February/December lows of 4.06 dirhams.

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Of seven analysts covering stock, one has "strong buy", three have "buy" and three have "hold", Reuters data shows; median target price 5.25 dirhams.

Dubai stock index edges down 0.1 percent. (Reporting by Andrew Torchia)

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