Dubai’s main share index fell 1.44% to 5,734.19 points on Friday, its lowest level in more than four months, as Emirates NBD and Emaar Properties led losses across UAE markets.
Emirates NBD fell 3.47% to AED30.00 and Emaar Properties dropped 2.11% to AED11.14, according to Dubai Financial Market data. Toll operator Salik lost 2.72% to AED5.00, and Emaar Development fell 1.92% to AED12.26.
Air Arabia was among the few gainers, rising 1.03% to AED4.90.
Trading value on the Dubai exchange totaled AED607.2 million across 140.9 million shares, down from AED624.3 million on Thursday.
In Abu Dhabi, the FTSE ADX General Index fell 1.17% to 9,588.41 points. Abu Dhabi Commercial Bank dropped 3.7% to AED16.08, a day after it reported higher nine-month profit. ADNOC Logistics & Services fell 3.9%, Reuters reported.
Dubai’s index lost 2.27% over the week’s five sessions, based on exchange data. The Abu Dhabi benchmark posted a weekly loss of 2.2%, Reuters reported, citing LSEG data.
Selling came as Houthi attacks on Saudi Arabia raised concern about a wider regional conflict. Saudi Aramco told staff to evacuate its Dhahran headquarters and work remotely, Reuters reported on Thursday, citing six people with knowledge of the matter. Aramco did not immediately respond to the news agency’s request for comment.
Brent crude rose 1.3% to $114.61 a barrel by 1148 GMT on Friday, according to Reuters.
In Qatar, where the exchange trades Sunday to Thursday, the Qatar Stock Exchange index ended the week down 2.26% at 8,611 points, Qatar News Agency reported. The transportation sector fell about 3.91%, while telecommunications rose 1.91%.
