The week’s trading in UAE stocks ended on a decline, as real estate stocks, some banks, utilities, and industry sectors came under pressure. Foreign investors engaged in liquidation during the volatile trading sessions. Technology shares on the capital market rebounded within the week, with companies like “Brissite,” “Phoenix Group,” and “Bayanat” showing significant increases. Shares of “GFH” also recorded strong gains in both Dubai and Abu Dhabi markets.
Banks announced strong results for the first quarter, but their performance fluctuated within the five trading sessions. In Dubai, “Emirates NBD,” “Commercial Dubai,” and “Mashreq Bank” saw increases while Dubai Islamic experienced a decline. Similarly, in Abu Dhabi, shares of “First Abu Dhabi” decreased while “Abu Dhabi Commercial” and “Abu Dhabi Islamic” rose.
Foreign investors, particularly non-Arabs, engaged in liquidation with a net investment of 281.47 million dirhams in the UAE markets. The total weekly liquidity in the UAE markets amounted to 6.94 billion dirhams, with a significant portion in the Abu Dhabi market. The Dubai market index fell, impacted by declines in various sectors including real estate, industry, utilities
