Global stock markets follow the movement of the UAE stock exchange, which finished trading on a positive note. The Dow Jones UAE index rose by 0.6%, while the FTSE UAE index closed 1.2% higher. Positive indicators were also recorded in the banking and real estate sectors. Notably, shares of the country’s largest bank showed an increase of 1.5%.
One of the analysts noted that the firm rise in the indices is linked to the overall positive dynamics in the market, as well as the stability of oil prices. "Investors are quite optimistic about strengthening trade and the restoration of the global economy after the pandemic," added the expert.
In addition to the banking sector, growth was also observed in the real estate sector. Shares of major construction companies showed a steady increase. Analysts believe that this trend may persist in the near future if the positive macroeconomic environment is maintained.
"Overall, the current situation in the UAE market is favorable for investors and presents good opportunities for profit-making," noted the expert.
