UAE Stock Markets Bounce Back with Real Estate, Financial Services, Energy and Technology Leading the Way

On Thursday, UAE stocks experienced a partial recovery, regaining some of the losses incurred during a volatile session. Leading companies in sectors such as real estate, financial services, energy, and technology saw positive movements in their share prices. In Dubai, Emaar Properties, Emirates NBD, Drake, and Dubai Islamic were among the companies that experienced gains in their share prices. The Dubai market index climbed by 0.2% to reach 3980 points while the Abu Dhabi market index saw a 0.5% increase to 8978.83 points.

The total liquidity traded was 1.2 billion dirhams with a significant portion being concentrated in Abu Dhabi compared to Dubai. The markets witnessed a mix of companies seeing increases and decreases in share prices as well as active trading volumes. In the Abu Dhabi market, sectors like financial, industrial, energy and healthcare contributed to its rise with companies showing both positive and negative movements in their share prices. Similarly, the Dubai market saw sectoral increases in real estate and industrial stocks but decreases in finance and utilities. Companies like Air Arabia, Gulf Navigation and Parkin showed positive movements while others experienced declines.

People from various nationalities exhibited different investment patterns with some inclined towards buying shares while others tended towards liquidation. Foreign and Gulf investors were active in buying shares in Dubai while Arab investors and citizens leaned towards liquidation. Investment portfolios recorded a net investment from sales indicating ongoing activity in the markets.

Overall, the UAE stock markets continued to be volatile but also showed signs of recovery on Thursday with leading companies experiencing gains particularly in sectors like real estate, financial services, energy and technology.