Emirates NBD and Abu Dhabi Islamic Bank Shares Rise in Dubai Market as Real Estate Sector Faces Pressure from Selective Buying.

In the Dubai market, Emirates NBD and Abu Dhabi Islamic Bank saw their shares rise after announcing their financial results. Meanwhile, other companies in the real estate, industry, and utilities sectors faced pressure due to selective buying of shares at lower prices. The Dubai market index increased by 0.06% to 4169.87 points, while the Abu Dhabi market index decreased by 0.04% to 9041.51 points.

In terms of individual stocks, Emirates NBD shares rose by 1.84% to 16.55 dirhams, with trading volume at 71.3 million dirhams. Similarly, Abu Dhabi Islamic Bank shares increased by 2.73% to 11.3 dirhams, with trading volume of 47 million dirhams. In the real estate sector, some stocks faced pressure from sales to non-Arab foreigners, particularly Emaar Properties and Aldar Properties which declined due to a net investment of 82