Emirates NBD and Abu Dhabi Islamic Bank Surge in Financial Market Update, While Real Estate Sector Faces Pressure in Dubai

In the recent financial market update, shares of Emirates NBD and Abu Dhabi Islamic Bank experienced significant growth following the release of their financial results. However, other companies in real estate, industry, and utilities faced pressure due to selective buying of shares at lower prices.

The Dubai market 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 maximum level at 0.351 dirhams, with liquidity amounting to 22 million dirhams. On the other hand, most real estate stocks experienced pressure, with “Emaar Properties” declining by 0.97% and “Aldar Properties” falling by 0.58%.

In contrast, the Dubai Financial Market index rose by 0.06% to 4169.87 points, supported mainly by Emirates NBD’s growth. However, real estate, industrial