DFM and ADX reel from steepest monthly declines in years amid regional strain
Foreign investors are still selling, with hundreds of mns in outflows over the past week
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Foreign investors are still selling, with hundreds of mns in outflows over the past week
Last week saw around USD 750 mn in net foreign outflows from UAE indices
Plus: The UAE’s tourism sector is the most exposed in the Gulf
Plus: Fitch sees Strait of Hormuz closure as posing a “limited” shock to oil prices
Only six companies on the DFM and the ADX closed in the green yesterday
Expect “high-beta real estate and financial stocks” to feel the initial heat when markets reopen
Despite the UAE seeing only three listings in 2025, the rise in follow-ons has signaled a diversification in capital-raising methods
Plus: Major banks begin phasing out OTP texts
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