Arab News
Arab news, Wed, Jun 11, 2025 | Dhu al-Hijjah 15, 1446
UAE shares end higher as outcome of US-China trade talks awaited
UAE:
Stock markets in the UAE ended higher
on Monday, in step with Asian peers, as investors awaited the outcome of
US-China trade talks in London in the hope that a deal could boost the global
economic outlook.
Top US and Chinese officials will sit down in
London on Monday for talks aimed at defusing the high-stakes trade dispute
between the two super powers that has widened to export controls over goods and
components critical to global supply chains.
Dubai’s benchmark index hit its highest levels
since 2008 and settled up 1 percent, with almost all sectors in positive
territory.
Tolls operator Salik Company gained 2.3 percent
and Deyaar Development surged 14.6 percent.
In Abu Dhabi, the index was up for a third
straight session and gained 0.1 percent, lifted by a 1.6 percent rise in
blue-chip developer Aldar Properties and a 1.8 percent advance in Abu Dhabi’s
flagship energy firm Abu Dhabi National Energy Company.
Most stock markets in the Gulf and Egypt including
Saudi, Qatar, Kuwait are closed on Monday due to a public holiday.