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Friday, October 18, 2024

Following in the footsteps of global stocks… UAE markets rise

Following in the footsteps of global stocks… UAE markets rise

Shares of major companies on the Chinese mainland jumped 3.6 percent, and the index also rose Stokes 600 European 0.14 percent.

Retail sales increased in US 0.4 percent in September, slightly above expectations, while weekly jobless claims unexpectedly fell.

The six Gulf Cooperation Council countries are usually guided in their monetary policy decisions US Federal Reserve Board Because most of the region’s currencies are tied to the dollar.

Stock movements

Close indicator Dubai Up 0.2 percent, supported by gains in banking sector stocks, as one stock increased Emirates NBD Bank 1.3 percent, and Dubai Islamic Bank shares rose 1.1 percent.

Index profit Abu Dhabi 0.1 percent, supported by a 0.3 percent rise in Al-Alamiah Holding shares and a 14.9 percent jump in Gulf Pharmaceutical Industries shares.

First Abu Dhabi Bank shares rose 0.9 percent after the bank recorded a five percent growth in third-quarter net profits to 4.46 billion dirhams ($1.21 billion), exceeding market expectations.

According to data from the London Stock Exchange Group, the Dubai and Abu Dhabi indices recorded weekly gains of 0.6 percent and 0.3 percent, respectively.



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