UAE Markets: Small-Cap Gains
The UAE markets recorded a sideways performance with a slight decline in leading stocks, as the Dubai Financial Market closed with a modest decrease of 0.016% at 5,907.2 points, while the Abu Dhabi Securities Exchange index rose by 0.17% to 9,993.24 points. Small-cap stocks showed notable activity, with strong jumps in shares such as Drake & Scull by 4.9% and Shuaa Capital by 4.24% in Dubai, and Lulu Retail by 2.17% and Abu Dhabi Aviation by 14.84% in Abu Dhabi. Other stocks, like Emaar Properties, experienced a slight increase, and the market overall demonstrated good liquidity and strong trading activity in some small-cap stocks.
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