Mideast Stocks: UAE stocks mostly higher as US debt deal revives confidence
Dubai's main share index rose 0.6% UAE stocks were mostly higher on Friday as traders reacted positively to the US debt ceiling deal, which had kept global markets on edge for some time. Dubai's main share index rose 0.6%, followed by financial stocks, and Emirates NBD Bank, Dubai's largest lender, climbed 1.1%. In Abu Dhabi, the benchmark index gained 0.4% after two consecutive negative sessions, bolstered by a 1.6% hike in First Abu Dhabi Bank (FAB), which has appointed two new appointments to its senior leadership team. DUBAI was up 0. 6% to 3,603 points, while FAB appointed Sameh Al Qubaisi and Eric Shehadeh as group head of global markets and Eric HehadeH as group heads of mergers & acquisitions and corporate development.
Publicados : 2 anos atrás por Shamsuddin Mohd no Finance
Stocks in the United Arab Emirates were mostly higher on Friday on the back of a U.S. debt deal that averted a catastrophic default and improved sentiment across most asset classes.
UAE stocks saw an improved performance as traders reacted positively to the U.S. debt ceiling deal, which had kept global markets on edge for some time, said Farah Mourad, senior market analyst at XTB MENA.
Dubai's main share index rose 0.6%, in its sixth consecutive positive day, led by strong gains in financial stocks. Mashreqbank surged more than 9%, its biggest gain in nearly four months, and Emirates NBD Bank, Dubai's largest lender, climbed 1.1%.
In Abu Dhabi, the benchmark index gained 0.4% after two consecutive negative sessions, bolstered by a 1.6% hike in First Abu Dhabi Bank (FAB), the country's largest lender, after announcing two new appointments to its senior leadership team. In a bid to sharpens its focus on growth and expansion, FAB appointed Sameh Al Qubaisi as group head of global markets and Eric Shehadeh as group head of mergers & acquisitions and corporate development, the lender said in a bourse statement.
• DUBAI was up 0.6% to 3,603 points
Tópicos: Markets, UAE