UAE stocks decline on weak corporate earnings

Stock markets in the United Arab Emirates closed lower on Friday, with industrial and financial stocks leading the decline as corporate earnings fell short of market expectations. Dubai’s main market index declined 0.6%, retreating from a near five-month high touched in the previous session. Blue-chip developer Emaar Properties dropped 4.5%, while toll operator Salik Company slipped 2.5%. Salik…

First reported by Business Recorder 1 hr ago1 source

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Business Recorder12:461 hr ago
UAE stocks decline on weak corporate earnings (opens Business Recorder in a new tab)
Stock markets in the United Arab Emirates closed lower on Friday, with industrial and financial stocks leading the decline as corporate earnings fell short of market expectations. Dubai’s main market index declined 0.6%, retreating from a near five-month high…

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