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Abu Dhabi Market Hits 5-Week High

Abu Dhabi Market Hits 5-Week High

The Abu Dhabi Securities Exchange recorded its highest level in about five weeks, with the index rising by 0.85% to reach 10,106.6 points, supported by strong performances in banking and energy stocks, particularly ADNOC Gas, which increased by 1.24% to 3.26 dirhams. Meanwhile, the Dubai Financial Market's index declined by 0.32%, closing at 5,927.4 points, due to downward pressure on real estate and banking stocks, with Emaar Properties dropping by 0.7% and Emirates NBD decreasing by 1.82%. On the other hand, the winning stocks in Dubai Market were from the technology and services sectors, such as DEWA, which jumped by 2.85%.

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