The Dubai Financial Market General Index gained 0.7% on Friday, recovering from two consecutive losses, while Abu Dhabi's market also showed strength with a 37% increase in Abu Dhabi Commercial Bank's Q1 net profit to 3.36 billion dirhams. Analysts noted that despite the positive earnings, investor sentiment remains cautious due to geopolitical risks in the region, particularly related to the ongoing Iran conflict.
BUSINESSPublished 25 Apr 2026 • Published 2h ago
Dubai Stocks Rise Amid Strong Bank Earnings and Caution
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UAE stocks rose on April 24, 2026, led by strong earnings from major banks like Emirates NBD and Abu Dhabi Commercial Bank, despite ongoing geopolitical tensions. Emirates NBD reported a 3% profit increase to 6.4 billion dirhams ($1.74 billion) for Q1 2026, highlighting the resilience of the domestic economy.
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