AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

Stock markets in United Arab Emirates closed lower on Friday, as investors turned cautious after the latest round of negotiations between Israel and Hamas failed to achieve the ceasefire and fighting escalated in the southern most city of Gaza.

Israeli tanks captured the main road dividing the eastern and western halves of Rafah on Friday, effectively encircling the entire eastern side of the city in the southern Gaza Strip.

Abu Dhabi’s benchmark index dropped 0.3%, extending losses to second session, after Abu Dhabi’s largest listed firm International Holding Company shed 0.6% and real estate giant Aldar Properties dropped 1.6%.

Dubai’s main index edged 0.2% down, pressured by losses in real estate sector, as blue-chip developer Emaar Properties slipped 0.9%, while its construction arm Emaar Development decreased 1.4%.

Among the losers, foreign currency exchange firm Al Ansari Financial Services slumped 1.9% after the firm reported 26% decline in its first-quarter net profit to 98.7 million dirhams ($26.88 million)

Major Gulf markets muted as Mideast conflict rages

However, Dubai index recorded 0.7% weekly gains, ending five week of losing streak, while Abu Dhabi posted 0.6% increase after three week of losses, according to LSEG data.

Oil prices - a key catalyst for the Gulf’s financial market- drifted 0.6% higher to %84.39 a barrel after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users.

===================================
 ABU DHABI    down 0.3% to 9,090
 DUBAI        dipped 0.2% to 4,173
===================================

Comments

200 characters