Economy Local January 22, 2025

Dubai Stock Market Gains Driven by Real Estate and Banks

On Tuesday, the Dubai Stock Market saw gains led by shares from four companies in the real estate, banking, and utilities sectors. The positive movement reflects investor confidence and market recovery efforts.


Dubai Stock Market Gains Driven by Real Estate and Banks

The shares of four companies in the real estate, banking, and commercial sectors pushed the Dubai Financial Market Index up on Tuesday. The shares of Union Properties increased by 14.29%, while the shares of Deyaar Development and Emirates NBD rose by 4.21% and 1.61% respectively. Al Brooge Securities covered all previous ones, rising by 20%.

"Emerging trends in these sectors served as a catalyst for the growth of the index, emerging indicators of the market and stimulating investors," commented the expert of the financial market.