During the week leading up to Eid Al-Fitr, UAE stocks stabilized, thanks in part to support from the real estate and banking sectors. However, liquidity rates declined slightly due to modest purchases from various investors. The Dubai market index fell by 0.05% to 4244.15 points, while the Abu Dhabi market rose by 0.1% to 9237.26 points. Foreign investors made selective purchases with a net investment of around 213 million dirhams, with 74.4 million dirhams in Abu Dhabi and 138.6 million dirhams in Dubai.
In the Dubai market, shares in the financial, real estate, industrial, and utilities sectors experienced declines, while some shares in finance rose. In the industrial sector, there were mixed results with some shares increasing and others decreasing. Real estate shares mostly saw positive movements, whereas utilities sector shares experienced declines.
The Abu Dhabi market also showed positive movements overall across the financial, real estate, communication, and industrial sectors. Several stocks gained ground while others declined.
Foreign investors tended towards buying in both markets during this period while Arab investors and citizens tended towards liquidation. Investment portfolios tended towards buying as well while individual investors opted for liquidation.
Overall, UAE stock markets displayed a mix of positive and negative movements before Eid Al-Fitr holiday as foreign investors bought selectively while Arab investors and citizens chose to sell off their holdings
