The UAE stock market experienced new declines on Monday due to uncertainty over the geopolitical situation in the region. The Dubai Financial Market index fell by 0.82% to 5668.26 points, while the Abu Dhabi Securities Exchange index dropped by 0.53% to 9785.62 points.
The decline was driven by a fall in leading stocks across the real estate, banking, industrial, and utility sectors. In Dubai, shares of Emaar Properties fell 1.68%, Emirates NBD Bank dropped 2.47%, and Dubai Islamic Bank declined 1.73%. In Abu Dhabi, shares of ADNOC Gas fell 1.2%, and Abu Dhabi Islamic Bank dropped 0.5%.
In Dubai's real estate sector, Emaar Development shares rose 0.97%, while Union Properties fell 1.2%. In Abu Dhabi, Aldar Properties shares fell 1.4%, and Shorooq Properties declined 0.75%.
In the industrial sector, Dubai's shares of Dubai Islamic Bank fell 0.36%, and Aramex dropped 0.58%. In Abu Dhabi, Mubadala Investment Company shares fell 2.4%, and ADNOC for Supply and Distribution declined 1.3%.
The total trading value reached 1.73 billion dirhams, with 1 billion dirhams from Abu Dhabi and 732.87 million dirhams from Dubai. A total of 415.68 million shares were traded through 38,224 transactions.
