UAE stocks end mixed as easing Iran tensions lift Dubai

Business Recorder reported that United Arab Emirates bourses finished mixed on Friday as geopolitical worries eased. The shift followed President Donald Trump's comments that Washington would hold off on military action against Iran until the US midterm elections next month. Trump added that the two sides were holding productive talks to halt hostilities and reopen the Strait of Hormuz, a key global energy lane.

Dubai's benchmark rose 0.3% to 5,818, ending a three-session slide. Emirates NBD, the city's largest lender, climbed 2.1%, while Emaar Properties added 1.1%. In Abu Dhabi, the index dipped 0.1% to 9,796, pressured by basic materials, consumer staples, telecoms and utilities. First Abu Dhabi Bank lost 0.6%, whereas ADNOC Gas and Aldar Properties gained 1.5% and 1%.

According to LSEG data, Abu Dhabi's index recorded a third consecutive weekly loss and Dubai's slipped for a second week in a row. George Pavel, general manager at Naga.com Middle East, said attention stays on concrete diplomatic timelines and updates that could improve shipping in Hormuz. He added that third-quarter earnings are also drawing traders' interest, as solid results could support prices.