Global markets rose, while the underlying indices in the UAE maintained their profits for the second consecutive day. The government securities index increased by 0.6%, while the Dubai general market index added 1.1%. According to analysts, this is a positive signal for investors after several weeks of declines.
Experts note that one of the reasons for this growth is the strengthening of the oil currency. Additionally, the rise in the dollar and the stability of European markets have also contributed to the increase in investments in stocks on the UAE stock exchange.
"We see that investors are once again starting to show interest in stocks on the UAE stock exchange, and this is a good sign for the market," noted one of the analysts.
Specialists also added that they expect further growth of the underlying indices in the near future, especially if global fund markets continue their positive momentum.
