Global stock markets exhibited mixed dynamics at the beginning of this week. The Dubai index rose by 0.37%, thanks to the strengthening of Emaar Properties stocks by 3.14%, Emirates NBD by 0.78%, and Salik by 0.78%. At the same time, Bank of Ajman stocks rose by 1.31%, while Emaar Development remained at the level of 13.45 dirhams.
The Abu Dhabi index decreased by 0.14%, falling to 9565.92 points. This was due to a decline in the stocks of Dar Al Arkan by 1.70% and Aldar Properties by 0.15%. Conversely, MultiPlay grew by 0.44%, while Adnoc Drilling, Adnoc Gas, Eshraq, and Meditor remained at stable levels. For example, Meditor stocks are valued at 3.16 dirhams.
"The trend of indices on the stock exchanges of the UAE was contrasting at the beginning of this week. We observe a moderate decline in the Abu Dhabi index and a sustained growth of the Dubai index. This indicates mixed market dynamics," analysts note.
