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Follow Gulf 365 – Abu Dhabi – Dubai: Anwar Dawood
Local stock indexes fell 2.15% in Dubai and 2.54% in Abu Dhabi during the week's sessions, as a result of a number of negative factors that were overshadowed by fluctuations in market prices. global and regional markets due to growing tensions between China and the United States over tariffs and the Chinese yuan against the dollar. Although markets rallied in the last two sessions, Monday's strong losses kept the indexes in the red once a week.
The Dubai financial market (DFM) is under pressure with a fall of 2.75% in one week from Emaar Properties, 9.01% for Emaar Development, 5.03% for Damac, Arabtec for 5, 11% and 4.71% for Union Properties. Emaar Malls is 5.77%. Emirates NBD lost 1.27%, Islamic Dubai 2.07%, GFH 3.03%, Dubai investments 2.19%, SHUAA 5%, Al Arabiya rose 5.26%, Amlak 1.21% Ajman Bank 0.63%, Dubai Financial Market 0.21% and Oman Insurance 14.7%.
The declensions included Aman 4.76%, Takaful House 1.6%, Salama 3.03%, Aramex 3.46%, Tabreed 3.31% and Amanat 3.03%.
In Abu Dhabi, Etisalat fell by 2.63% on a weekly basis, First Abu Dhabi by 3.21%, the Commercial Bank of Abu Dhabi by 5.39%, the Islamic Bank of Abu Dhabi by 1%, Aldar 0.43% and RAK Properties 4.47%. Eshraq 1.64%, ADNOC 0.74 distribution
In contrast, "Dana Gas" rose 0.97%, "TAQA" 0.27%, "Sharjah Islamic" 2.63%, "RAK National" 1.09% and jumped from " Holding International "12% to 2.43 dirhams, trading at 74.7 million dirhams.
It is the detail of the news of the global tensions that would deprive the actions of the "Green Week" for today. We hope that we will have succeeded by providing you with all the details and information and by following all our news, you can subscribe to the system of alerts or to one of our various systems to provide you all the novelties.
It should be noted that the original news has been published and that it is available on the Gulf. It has been confirmed by the Gulf 365 editorial team. It may have been modified and may have been fully transferred or cited. You can read and follow the evolution of this news from its main source.
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