Banks Impact UAE Stock Indicators
On Thursday, the UAE markets' indicators declined due to pressure from banking and telecommunications stocks, while gains were seen in the real estate and energy sectors. The Dubai Financial Market index fell by 0.4% to 5,983 points, and the Abu Dhabi Securities Exchange index decreased by 0.6% to 10,205.96 points. Among the declining stocks were Emirates NBD Bank, down by 2.48%, and "Talabat," which dropped by 1.68%. Meanwhile, real estate stocks such as Emaar experienced slight increases. The total liquidity reached 1.8 billion dirhams, distributed between Abu Dhabi and Dubai markets, with a greater concentration in Abu Dhabi.
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