.jpg?20251215')
Stock markets in the UAE were subdued yesterday as weaker oil prices and profit-taking offset recent gains, with sentiment also tempered by concerns over a global supply glut and geopolitical developments.
Dubai’s benchmark index fell marginally after nine straight sessions of gains, with declines in communications, consumer staples and industrial stocks outweighing advances in financials, utilities and real estate.
The index still notched its third consecutive weekly rise. Emirates NBD, Dubai’s largest lender, gained 1.6 per cent and Mashreqbank rose 2.1pc, while Gulf Navigation and Union Properties fell 9.8pc and 2.1pc, respectively.
In Abu Dhabi, the index slipped 0.2pc, pressured by healthcare, real estate and telecom shares. Blue-chip developer Aldar Properties lost 1.2pc and Abu Dhabi Commercial Bank declined 2.1pc.
Dana Gas jumped 6pc after the company reported a new gas discovery in Egypt’s onshore Nile Delta, following the successful drilling of the North El-Basant-1 exploration well.
&uuid=(email))