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UAE stocks hit two-month high

UAE stocks hit two-month high

Stock markets in the UAE rose to their highest levels in two months, supported by gains in the banking and real estate sectors, amid expectations of reaching an agreement to halt escalation in the Middle East soon. The Dubai Financial Market recorded its best performance in more than two months, climbing 3.84%, led by shares of Emaar Properties and Emirates NBD Bank. Meanwhile, the Abu Dhabi Index increased by 2.72%, boosted by shares of First Abu Dhabi Bank and Dar Al Arkan. This comes amid growing hopes for the signing of a memorandum of understanding between the United States and Iran to halt the war, as well as continued investor confidence in sustained demand for real estate in Dubai.

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