Real estate and banks back stocks amid closures
The UAE stock markets concluded a turbulent week, as the Dubai Market Index rose by 0.39% to 5,980 points, while the Abu Dhabi Market Index declined by 0.69% to reach 10,200 points. This came despite mixed performances across major sectors such as banking and real estate, which supported both markets. Overall liquidity amounted to 9.63 billion dirhams, with markets continuing to absorb fluctuations in oil prices and geopolitical tensions. Investors focused on corporate earnings and interest rates, with notes on the resilience of the banking and real estate sectors amid current market conditions.
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