Page 244 - AAE PR REPORT - June 2024

Company (IHC.AD), opens new tab shed 0.6% and real estate giant Aldar

Properties (ALDAR.AD), opens new tab dropped 1.6%.

Dubai's main index (.DFMGI), opens new tab edged 0.2% down, pressured by losses in
real estate sector, as blue-chip developer Emaar Properties (EMAR.DU), opens new
tab slipped 0.9%, while its construction arm Emaar Development (EMAARDEV.DU),

opens new tab decreased 1.4%.
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Among the losers, foreign currency exchange firm Al Ansari Financial

Services (ALANSARI.DU), opens new tab slumped 1.9% after the firm reported 26%
decline in its first-quarter net profit to 98.7 million dirhams ($26.88 million)

However, Dubai index recorded 0.7% weekly gains, ending five week of losing streak,
while Abu Dhabi posted 0.6% increase after three week of losses, according to LSEG

data.

Oil prices - a key catalyst for the Gulf's financial market- drifted 0.6% higher to %84.39 a
barrel after data this week signalled growing demand in the U.S. and China, the world's
two largest crude users.

00:10European utilities enjoy a Spring bounce

ABU DHABI (.FTFADGI) down 0.3% to 9,090

DUBAI (.DFMGI) dipped 0.2% to 4,173

($1 = 3.6724 UAE dirham)

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