2024-04-19 12:07:01
Live – Muhammad Shaker: United Arab Emirates financial market indices fell at the close of trading on Friday, amid fears of an extension of the conflict in the Middle East.
According to data from the UAE financial markets, losses in the Dubai financial market amounted to 5.519 billion dirhams, while the Abu Dhabi securities market suffered losses amounting to 16 billion dirhams. , for a total loss amounting to 21.519 billion dirhams.
The Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 1.536 billion dirhams, distributed in 22,677 thousand transactions.
At the close of today’s session, the Dubai Financial Market Index fell by 0.79% to settle at the level of 4174 points, as part of transactions involving 174.046 million shares of ‘a value of 310.649 million dirhams.
This came against the backdrop of declines in DEWA shares by 1.24 percent, Deyaar Development by 0.61 percent, Dubai Islamic Bank by 0.87 percent and Dubai Investments by 0.42 percent. percent.
The market value of Dubai shares reached 713.681 billion dirhams at today’s close, compared to 719.200 billion dirhams at Thursday’s close, with losses amounting to 5.519 billion dirhams.
The Abu Dhabi Securities Market Index also fell 0.61 percent to 9,126 points, and a trading volume of 322.781 million shares was valued at 1.225 billion dirhams.
This came against the backdrop of shares of Abu Dhabi Commercial Bank falling by 1.55 percent, Abu Dhabi Islamic Bank by 1.43 percent, ADNOC Drilling by 2 percent and ADNOC Gas of 0.65 percent.
The market value of Abu Dhabi stocks reached 2.701 billion dirhams at today’s close, compared to 2.717 billion dirhams at Thursday’s close, with losses amounting to 16 billion dirhams.
US media reported that Israel launched a strike against Iran in response to the Iranian attack on it last weekend, citing a senior US official..
Media outlets including ABC, CBS and CNN, citing US officials, said the strikes took place early Friday Middle East time..
A US official confirmed to CNN that the site targeted by an Israeli strike in Iran is not nuclear..
The Israeli newspaper “Jerusalem Post” reported simultaneous explosions in Isfahan, Iran, Suwayda in Syria, as well as Baghdad and Babylon in Iraq..
In Iraq, media reported hearing intense flights of warplanes in the airspace of Erbil and Mosul..
Israeli Army Radio reported that the targeted military base in Isfahan was the site of marches that attacked Israel..
For its part, the Iranian Fars news agency reported that “3 explosions” were heard near the Shikari military airbase, near the city of Isfahan..
In turn, the spokesperson for the Iranian Space Agency, Hussein Dalirian, said on the X platform that several drones had been “successfully shot down by the country’s air defense, and currently there are no report of missile attack.“.
The official Iranian news agency (IRNA) also reported that there had been no “major damage” in Iran, following reports of explosions heard near the central city of Isfahan in dawn Friday..
The agency said: “After activating air defense in some areas of the country, reports indicate that there was no serious damage or significant explosions resulting from the impact of an aerial threat. »“.
The agency added that in the central province of Isfahan, where the explosions were heard, “important facilities, including nuclear ones, are completely safe and no incidents have been reported there.”“.
The General Secretariat of the Supreme National Security Council of Iran, according to the Tasnim agency, denied reports that this body, headed by the President of the Islamic Republic, Ebrahim Raisi, held an emergency meeting on Friday after heard the sound of explosions..
Relatedly, Iran closed airspace over the west of the country and its capital after Israel launched a missile attack, forcing commercial flights to change course for the second time in less than a week as regional tensions intensified..
Air traffic between Iran and Iraq was effectively halted, according to notices on the Federal Aviation Administration’s website, while airspace above Tehran was also closed. The Mehr news agency reported that a group of airports had suspended flights, including Isfahan airport – where explosions were reportedly heard there on Friday – and the city of Shiraz..
Israel had pledged to respond after Iran launched an attack with hundreds of missiles and marches on the Jewish state last weekend, most of which were intercepted..
The Iranian attack comes after a strike targeting the Iranian consulate in Damascus and attributed to Israel..
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