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Aliy and Ishraq drive UAE market gains
The Dubai and Abu Dhabi financial markets recorded mixed gains during mid-day trading. In Dubai, Alek Holding topped the list of the most rising companies with a 4.76% increase, with a trading value of 5.81 million AED. Meanwhile, Eshraq Investment led the gains in Abu Dhabi with a 3.76% rise and a trading value of 25.63 million AED. The Dubai Market Index increased slightly by 0.064%, whereas the Abu Dhabi Market Index declined by 0.342%. Markets are awaiting the release of the main U.S. inflation report to determine the direction of interest rates, as investors look forward to its results.
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