Emirates NBD Boosts Dubai Financial Market Index; Abu Dhabi Real Estate Companies Face Pressure

The Dubai Financial Market index increased by 0.06% to 4169.87 points, driven by the rise in Emirates NBD shares. Meanwhile, other companies in real estate, industry, and utilities faced pressure due to selective buying at lower prices. In contrast, the Abu Dhabi Market Index fell by 0.04% to 9041.51 points as shares in the financial, real estate, industry, energy, and utilities sectors decreased across various sectors.

In the financial sector of Abu Dhabi, “First Abu Dhabi” and “Multiplay” fell while “ADNOC Distribution” and “Dana Gas” increased in the energy sector. On the industrial level, “ADNOC Logistics,” “Abu Dhabi Ports,” “Emirates Steel – Arkan,” and “Marine Dredging” experienced declines while stocks such as “Emirates NBD” and “Abu Dhabi Islamic Bank” rose. In contrast, Dubai’s liquidity was led by companies such as