Stock markets in the United Arab Emirates ended mixed on Friday, the first trading session of the New Year, amidst heightened regional tensions as the deepening crisis in Yemen impacted Saudi-UAE relations.
In Dubai, the main share index (.DFMGI), opens new tab rose by 1.1%, driven by broad-based gains across all sectors, particularly in the financial and real estate sectors.
Leading the positive movement were Emaar Development (EMAARDEV.DU), opens new tab with a 2.97% increase, Emirates NBD Bank (ENBD.DU), opens new tab up by 2.69%, and Watania International Holding PJSC (WATANIA.DU) gaining 2.19%.
Abu Dhabi's index (.FTFADGI), opens new tab closed flat, largely constrained by a significant decline of over 4% in Abu Dhabi National Energy Company <TAQA.AD, marking its worst performance in over three months. Other notable decliners included Presight AI Holding (PRESIGHT.AD), opens new tab, which fell by 2.13%, and E7 Group (E7.AD), opens new tab, which dropped by 1.87%.
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