Dubai's stock market closed flat on Friday for a second straight day, while rising oil prices and global recovery pushed Abu Dhabi's benchmark index higher.
In Dubai, courier firm Aramex (ARMX.DU), opens new tab was the biggest loser in the share index (.DFMGI), opens new tab after reporting a more than 83% slump in quarterly profit. Its share price fell more than 6%, its biggest decline in nearly 11 months.
Dubai business park operator TECOM Group (TECOM.DU), opens new tab was the second biggest loser on the index as its stock traded ex-dividend and fell nearly 4%.
National Central Cooling (Tabreed) (TABR.DU), opens new tab climbed 2% after posting a 4% rise in net profit for the first half of 2024.
Abu Dhabi's index (.FTFADGI), opens new tab closed 0.5% higher, boosted by a 2.4% gain in shares of the country's largest lender First Abu Dhabi Bank (FAB.AD), opens new tab.
International Holding Co (IHC.AD), opens new tab, the most valuable listed firm in Abu Dhabi, ended 1% up.
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