Decline in UAE Stock Markets Amid Selling Pressure

On Monday, the UAE stock markets faced selling pressure with Dubai's index falling by 1.65% and Abu Dhabi's by 0.58%. Investors reacted to declines in key sectors including real estate and banks.


Decline in UAE Stock Markets Amid Selling Pressure

On Tuesday, key stock indices on the exchanges of the UAE fell. The market index in Abu Dhabi decreased by 0.58% to 9392.57, while the Dubai index showed a decrease of 1.66% to 5136.08. On the Kuwait exchange, the index rose by 0.32% to 8067.36, and on the Qatar exchange – by 0.06% to 10532.

On the Saudi exchange, the main index Tadawul fell by 0.77% to 11745.63 with a trading volume of 5.32 billion riyals. The Bahrain index decreased by 0.02% to 1971.7, with a total trading of 354177 dinars. The total trading volume on the market amounted to 390 million riyals, while in the society of OPEC it was 219.10 million dinars.

In Dubai, the shares of Emirates NBD Bank saw an increase of 1.2% to 21.05 dirhams, while the worst performer was the shares of Emaar Properties, which fell by 4% to 13.15 dirhams. Emaar Development decreased by 4.7% to 12.15, Dubai Islamic Bank – by 1.3% to 7.35, Tabreed – by 3.94% to 1.46, and Salam – by 4.4% to 4.8 dirhams.

On the exchange in Oman, the Muscat Securities Market index fell by 30 points. Large transactions in the emirates led to a decline in stocks in the real estate, banking, industrial, and infrastructure sectors. As a result, the Dubai market completed trading at the level of 5136.08 points, while Abu Dhabi finished at 9392.57.