Abu Dhabi Index Falls Most in Four Days; Dubai Shares Retreat

United Arab Emirates shares dropped, with Abu Dhabi’s index falling the most in four days, as U.S. unemployment climbed to a 26-year high and investors awaited the third-quarter earnings season.

Sorouh Real Estate PJSC, the second-biggest developer in Abu Dhabi, declined for the first time this month. National Central Cooling Co., the refrigeration company known a Tabreed, fell as much as 2.9 percent. Abu Dhabi’s benchmark index closed 0.3 percent lower at 3,127.59, while Dubai’s measure slipped 0.1 percent.

“Investors are on the fence heading into the third-quarter earning season,” Ali Khan, head of cash-equity trading at Dubai-based Arqaam Capital Ltd., wrote in an e-mail. “The market should continue to drift and remain range-bound as a consequence.”