The actions of the UAE in the region have returned to a post-series of declines and returned to the zone of profitability. The market displayed resilience and positive dynamics. This period of recovery resulted from various factors, including the strengthening of certain sectors of the economy. The Dubai index increased by 0.1%, while the analogous indicator for Abu Dhabi rose by 0.4%.
The recovery of the market was influenced by a number of important factors. The positive trend in major financial companies played its role, attracting investors. The stability of the oil sector also affected the rise in stock prices.
"We have all the grounds to say that the market is beginning to gradually recover after a certain period of correction," noted an analyst from one of the major investment banks. "Investors are still cautious, but the overall mood of the market is becoming more optimistic."
Experts believe that the positive dynamics in the UAE stock market can be maintained if further stability in key sectors of the economy and global markets is ensured.
