Rising Investor Confidence in Dubai Market: Financial Institutions Drive Stock Price Increase While Real Estate, Industry, and Utilities Stocks Face Pressure

Investors in the Dubai market saw their shares increase after Emirates NBD and Abu Dhabi Islamic Bank announced their financial results. Meanwhile, companies in real estate, industry, and utilities faced pressure as selective buying of shares occurred at lower prices. In the Dubai market, the index rose by 0.06% to 4169.87 points, while the Abu Dhabi market index fell by 0.04% to 9041.51 points.

In the Abu Dhabi market, “Manazel” surged to its highest level at 0.351 dirhams, with liquidity of 22 million dirhams. However, most real estate stocks experienced pressure, with “Emaar Properties” declining by 0.97% and “Aldar Properties” falling by 0.58%.

The total liquidity recorded was 1.58 billion dirhams, with 992 million dirhams in Abu Dhabi and 592 million dirhams in Dubai. The Abu Dhabi Market Index declined by 0.04% to 9041.51 points, with shares in the financial, real estate, industry, energy, and utilities sectors decreasing across all markets except for finance and energy sectors that experienced positive growth in terms of share price increase or liquidity amounting to millions of dirhams respectively but not enough to offset the decline in other sectors’ performance overall .

On the other hand