The Dubai Financial Market index jumped more than 3.66% at the start of trading, reaching 5598.44 points, while the Abu Dhabi market index rose 1.27% to 9542.57 points. The gains in Dubai were driven by a strong surge in a wide range of stocks, especially leading ones. For instance, Emaar Properties shares jumped 6.14% to 12.1 dirhams, Emaar Development rose 4.74% to 14.35 dirhams, Emirates NBD Bank gained 4.58% to 27.4 dirhams, Air Arabia increased 3.2% to 4.2 dirhams, and Dubai Islamic Bank rose 3.27% to 7.58 dirhams. UAE stock indices rose at the start of trading on Tuesday, in line with global markets, driven by investor optimism following US President Donald Trump's comments on productive talks with Iran.
UAE Stock Indices Rise on Investor Optimism
The Dubai and Abu Dhabi stock markets showed significant gains at the start of trading. Indices rose on positive news about US-Iran talks, boosting investor optimism. Shares of leading companies also showed strong growth.