Global financial markets are not standing still, and the evidence for this is the decline of indices on the stock exchanges in the UAE on average. The decline is mainly due to declining leading stocks in various sectors, especially banking and real estate.
The main financial institutions in the region showed a downturn. The shares of the largest banks Emirate NBD and Abu Dhabi Commercial Bank declined by 0.8 and 1.9 percent, respectively. Against the backdrop of this negative dynamic, leading investors were forced to rethink their positions in the market.
"Today's drop is linked to several factors, including general instability in the global economy and falling oil prices," noted experts from the financial sphere. They also added that investors expect further changes in the market and assess their potential losses.
