UAE stocks closed a slight altitude today, Friday, with the support of the decline of geopolitical tension and cautious optimism about a possible ceasefire agreement between Israel and Hamas, in addition to Iran declaring its commitment to ban the spread of nuclear weapons.
In Dubai, the main index ended today’s transactions at an increase of 0.1%, and this recovery came driven by the share of Emirates NBD 1.3%, and the share of Dubai Investment Company 1.2%, according to Reuters.
However, the share of the Holding Company, the main operator of international schools, decreased 1.2%, after it announced that its net profit decreased in the third quarter of 5% to 82.03 million dirhams (22.33 million US dollars).
The Abu Dhabi Index also increased 0.1%, supported by the strong performance of the shares of artificial intelligence companies and the technologies of the next generation. The Brissit, a huge data analysis company using artificial intelligence, jumped 14.9% to reach its highest level at 3.9 dirhams for the share since its insertion in March 2023.
Speus 42, an artificial intelligence space technology company, has risen 10.4%, registering its largest daily gain since May 2023.
Erkin Kamran, CEO of Treis, insisted on these results, saying that the shares of artificial intelligence and technology companies are likely to remain in a good position with the UAE speeding up its efforts to become a global center for artificial intelligence, adding, “It is also expected that the decline of trade tension between the United States and China and reduces restrictions on artificial intelligence exports to attract more investors to this to this. The sector ».
The data of the “London Stock Exchanges Group” showed that the Abu Dhabi index rose 1%, and the Dubai index rose 1.2% throughout the week.
