Shares and Stocks news

Securities ExchangeThe shares in heavyweight property stocks mainly drove the movement today.

The Dubai Financial Market General Index fell by 0.9 percent down to 1,700.44 points and the Abu Dhabi Securities Exchange General Index increased by 0.5 percent up to 2,754.60 points.

Aldar Properties led the stocks in Abu Dhabi finishing the day at a 6.9 percent higher, reaching its highest level in over a month.

The market is expecting a favorable result to the funding issue.

Last month, the company had discussions with the Abu Dhabi Government regarding the company's money needs. A declaration will most likely be made by December end.

The positivity influenced Sorouh Real Estate and it rose by 4.7 percent.

However, Dubai's index retreated for the first time in almost a month.

Emaar Properties reduced by 0.8 percent while Arabtec reduced by 0.5 percent.

Meanwhile, the Qatar exchange continued to gain in its fifth consecutive day on optimism that the investment on infrastructure will enhance the economy growth beyond the 2022 World Cup. The index increased by 1.8 percent up to 8,779.49 points.

Kuwait dropped by 0.1 percent, Oman rose by 0.3 percent higher, Bahrain increased by 0.2 percent, and the Saudi Tadawul All-Share Index rose by 0.3 percent.