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1/15/24, 10:15 AM Mideast Stocks: UAE shares dip on escalating Mideast conflict
Investors watch a monitor at Dubai Financial Market . Mounir Saidi, Reuters
Reuters Images
Mideast Stocks: UAE shares dip on escalating
Mideast conflict
In Abu Dhabi, the index was down 0.5%
Md Manzer, Reuters News
January 12, 2024
Stock markets in the United Arab Emirates ended lower on Friday amid rising tensions in the Middle East
as the United States and Britain launched strikes against Houthi military targets in Yemen.
In Abu Dhabi, the index was down 0.5%, ending its five-sessions winning streak, while weekly gains hit
over a two-month high.
The conglomerate International Holding Company dropped 0.7%, and the UAE's largest lender, First
Abu Dhabi Bank slipped 2%, the sharpest decline in over two months.
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