Economy Country October 24, 2024

UAE Markets Under Pressure from Bank and Real Estate Stocks

The indicators of the UAE markets have been affected by pressure from bank and real estate stocks, while investors have focused their purchases on other stocks. This trend impacts the overall performance of the markets.


UAE Markets Under Pressure from Bank and Real Estate Stocks

Yesterday, in the middle of the week, the shares of banks and real estate showed declines on the stock indices in the UAE, at that time investors were purchasing shares of other companies. Thus, the Dubai Financial Market General Index decreased by 0.32%, while the Abu Dhabi Securities Exchange General Index lost 0.48%. The noticeable decline in the indices was linked to several factors, including the concern over high inflation and ensuring profitability for investors. Analysts note that to combat these trends, market regulators need to implement strategies that contribute to stability in the market and mitigate negative impacts from internal and external factors.