Home / Business and Economy / UAE Stocks Surge on Global Gains
UAE Stocks Surge on Global Gains
4 Feb
Summary
- Dubai's index gained 2.5% weekly, its largest increase in over four months.
- Abu Dhabi's index rose 2.1% weekly, marking its best performance since late June.
- New real estate and infrastructure investment platform Aldar Capital aims for $1 billion fund.
Stock markets in the United Arab Emirates experienced a robust performance, tracking upward movements in global equities. Dubai's benchmark index concluded the week with a significant 2.5% gain, marking its most substantial increase in over four months. This surge was primarily fueled by advances in key real estate and banking sector stocks.
Abu Dhabi's index also posted a strong weekly performance, closing up 2.1%. This represents its best showing since late June, buoyed by notable rises in real estate developer Aldar Properties and energy shipper Adnoc Logistics & Services. Notably, Aldar and Mubadala Capital launched Aldar Capital, a new platform designed to connect global investors with real estate and infrastructure prospects across the UAE and GCC, with a target fund raise of $1 billion for a 2026 launch.
