Page 170 - SALIK PR REPORT JANUARY 2024
P. 170
MIDEAST-STOCKS-UAE shares dip on
escalating Mideast conflict
REUTERS/AMR ALFIKY
January 12, 2024 — 06:53 am EST
Written by Md Manzer Hussain for Reuters ->
By Md Manzer Hussain
Jan 12 (Reuters) - 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 .FTFADGI was down 0.5%, ending its five-sessions winning
streak, while weekly gains hit over a two-month high.
The conglomerate International Holding Company IHC.AD dropped 0.7%, and the UAE's
largest lender, First Abu Dhabi Bank FAB.AD slipped 2%, the sharpest decline in over two
months.
https://www.nasdaq.com/articles/mideast-stocks-uae-shares-dip-on-escalating-mideast-conflict
