Mideast Stocks: UAE shares fall as geopolitical uncertainty keeps traders cautious
Zawya · Mohd Edrees ·
Abu Dhabi's benchmark index dropped 1.3% to hit an 18-month low, weighed down by a 1.7% fall in real estate giant Aldar Properties
Stock markets in the United Arab Emirates declined on Friday as geopolitical uncertainty in the region weighed on investor sentiment and kept traders cautious.
Abu Dhabi's benchmark index dropped 1.3% to hit an 18-month low, weighed down by a 1.7% fall in real estate giant Aldar Properties.
The UAE's largest listed conglomerate, International Holding , slumped 2.8% to a more than four-year low after reporting that third-quarter net profit fell more than 28% to 6.22 billion dirhams ($1.69 billion), from 8.70 billion dirhams a year earlier.