Emirati stocks face pressure amid 2.73B dirham liquidity
The UAE stock markets experienced a collective decline during the trading session, with the Dubai Financial Market Index dropping by 1.43% to close at 6,024.59 points. Similarly, the Abu Dhabi Securities Exchange Index declined by 1.17% to reach 9,876 points. Leading stocks in the real estate, banking, and energy sectors faced pressures, with shares of Emaar Properties and Emaar Development falling, along with Dubai Islamic Bank, Abu Dhabi Commercial Bank, and Abu Dhabi Islamic Bank. Total liquidity amounted to approximately 2.73 billion dirhams, with around 620 million shares traded.
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