Global market indices have been under pressure due to the influence of leading stocks in various sectors. The overall market index in Dubai, for example, fell by 0.8%, while the Abu Dhabi Securities Exchange dropped by 1.2%. The banking and financial institutions sector was among the most notable of the losers of the day.
"Today's decline was caused by falling oil prices, which affected the shares of oil companies and, in turn, the market indices as a whole," noted a financial analyst.
Many investors are monitoring the developments of events in the technology and telecommunications sector, where a decline has also been observed. Notably, some large companies in this sector posted negative dynamics, affecting the overall market picture.
