Dubai Financial Market Opens with Limited Decline Amid Pressure on Leading Stocks

The Dubai Financial Market opened today's session with a limited decline, affected by pressure from leading stocks, while trading was cautious with liquidity concentrated on a limited number of stocks. The Dubai Financial Market General Index (DFMGI) recorded a decline, trading near 6,070 points during the early minutes of the session, amid noticeable fluctuations in performance due to selling on leading stocks against selective movements in some small and medium stocks.

Emaar Properties topped the list of active stocks by value, with trades exceeding AED 31.38 million, as the stock fell to AED 13.95, down 1.06%. Gulf Navigation also saw strong trading valued at AED 17.3 million, declining by 9.65% to AED 1.78, exerting the largest pressure on the index at the session's start. Emirates NBD's stock dropped by 1.57% to AED 28.15.

Conversely, CBD led the gainers with a rise of 3.46% to AED 9.57, followed by Aqtiba Holding with a 3.12% increase, and Union Properties (ITHMR) rising by 1.89%. Du recorded gains of 1.26%.

Among the biggest losers, Gulf Navigation continued its sharp decline by nearly 9.65%, while Emirates Takaful fell by 1.79%, and Amanat dropped by 1.56%, with Emaar also declining by more than 1% at the start of trading.

Investors are watching today’s session for liquidity trends and developments in global markets, especially movements in U.S. interest rates and energy prices, to determine the market's course for the remainder of the session.