Page 243 - AAE PR REPORT - June 2024

UAE markets fall on escalating conflict in the region

By Mohammad Edrees
May 10, 20243:43 PM GMT+4Updated 5 days ago

Investors monitor screens displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014.
REUTERS/Stringer/ File Photo Purchase Licensing Rights, opens new tab
May 10 (Reuters) - Stock markets in United Arab Emirates closed lower on Friday, as

investors turned cautious after the latest round of negotiations between Israel and
Hamas failed to achieve the ceasefire and fighting escalated in the southern most city of
Gaza.

Israeli tanks captured the main road dividing the eastern and western halves of Rafah

on Friday, effectively encircling the entire eastern side of the city in the southern Gaza
Strip.
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Abu Dhabi's benchmark index (.FTFADGI), opens new tab dropped 0.3%, extending
losses to second session, after Abu Dhabi's largest listed firm International Holding

https://www.reuters.com/markets/currencies/uae-markets-fall-escalating-conflict-region-2024-
05-10/