The UAE stock market experienced continued volatility in a calm session at the end of the penultimate week of April. The Dubai market index closed down 0.5%, with liquidity close to a quarter of a billion dirhams, while the Abu Dhabi market index rose 0.009% amid weak liquidity of less than 800 million dirhams.
In the Dubai market, the highest increases were seen in Tabreed (4.41%), GFH (3.96%), Emirates Reem (2.62%), Aman (2.00%), and Empower (1.94%). The most significant declines were in Union Coop (9.74%), Dubai Investments (5.63%), Deyaar (5.26%), Dubai Commercial (3.57%), and Ithmaar (2.82%). In the Abu Dhabi Securities Market, the highest increases were in Union Insurance (14.81%), Abu Dhabi Ports (4.98%), GFH (3.96%), Yahsat (2.13%), and Bayanat (2.11%). The decliners included Finance House (9.81%), Al Dhafra Insurance (7.03%), Sharjah Cement (6.92%), ESG (3.85%), and Manazel (3.7%).
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Overall, the market performance was mixed, with some sectors experiencing gains and others facing declines. Investors will continue to monitor the market closely for any signs of stabilization or further volatility in the coming weeks.