The UAE stock market experienced a decline at the end of the week’s trading, primarily due to pressure from real estate stocks and some banks. The sessions were volatile, with foreign investors shifting towards liquidation in exchange for local purchases. Despite strong results announced by banks during the first quarter, 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. In the capital market, shares of “First Abu Dhabi” and “Ras Al Khaimah National” decreased, while “Abu Dhabi Commercial” and “Abu Dhabi Islamic” rose.
Foreign investors, particularly non-Arabs, moved towards liquidation during the week, with significant proceeds from sales in both Abu Dhabi and Dubai markets. The total weekly liquidity in the UAE stock market was substantial, with a significant amount of shares traded in both Abu Dhabi and Dubai markets. The Dubai market index fell by 0.6% during the week, influenced by declines in various sectors including real estate, industry, utilities, and finance. In contrast, the Abu Dhabi market index also experienced a decline of 0.9% due to decreases in financial, real estate
