Economy Local November 15, 2024

Abu Dhabi Market Rebounds After Four-Day Decline

The Abu Dhabi market ended a streak of four consecutive declines on Thursday, showing a significant increase. Investors are optimistic about the recovery and future performance of the market.


Abu Dhabi Market Rebounds After Four-Day Decline

The index of the Abu Dhabi stock market completed its decline on Thursday, stopping a drop that had lasted for 4 consecutive sessions and showed an increase in part of the session on Thursday. Brokers described it as "buyer’s day" and noted positive movement in stocks, particularly in the financial sector. The head of one of the trading departments of a financial company pointed out the improvement in investor sentiment and active participation of buyers.

"Buyers returned to the market and showed active interest in various securities, which became a driving force for the index's rise," he said, adding that increased trading activity was noted on several key listings.

An important event in the market was the return of rising shares of the largest bank in the UAE. During the lunch break, the shares of this bank grew by 2.5%, which immediately influenced investor sentiment in general.