UAE shares fall as regional tensions weigh on investor sentiment Shares in the United Arab Emirates fell on Friday as regional geopolitical uncertainty dampened investor confidence and prompted traders to remain cautious. Abu Dhabi's benchmark index fell 1.3% to an 18-month low, and was dragged by a 1.7% drop in real estate developer Elder Properties. International Holdings Company (IHC), the largest listed conglomerate in the United Arab Emirates, fell 2.8% to its lowest level in more than four years after reporting a 28% drop in net profit in the third quarter. Dubai's main index fell 0.3 percent, ending a four-session winning streak amid losses in financial and industrial stocks. Emirates NBD, the largest lender in the emirate, fell 1.3%, while toll operator Slick fell 1.1%. Emaar Development bucked the trend, gaining 1.2% after its parent company announced plans to make a voluntary cash offer to buy up to 100% of its shares. Emaar Properties shares, meanwhile, closed down 0.2%. Meanwhile, Brent crude was up 0.5% at $98.73 a barrel by 11:55 GMT. On a weekly basis, the Abu Dhabi index lost 0.8 percent, while the Dubai index climbed 4.4 percent, marking its strongest weekly performance in more than six months, according to LSEG data.

UAE shares fall as regional tensions weigh on investor sentiment Shares in the United Arab Emirates fell on Friday as regional geopolitical uncertainty dampened investor confidence and prompted traders to remain cautious. Abu Dhabi's benchmark index fell 1.3% to an 18-month low, and was dragged by a 1.7% drop in real estate developer Elder Properties. International Holdings Company (IHC), the largest listed conglomerate in the United Arab Emirates, fell 2.8% to its lowest level in more than four years after reporting a 28% drop in net profit in the third quarter. Dubai's main index fell 0.3 percent, ending a four-session winning streak amid losses in financial and industrial stocks. Emirates NBD, the largest lender in the emirate, fell 1.3%, while toll operator Slick fell 1.1%. Emaar Development bucked the trend, gaining 1.2% after its parent company announced plans to make a voluntary cash offer to buy up to 100% of its shares. Emaar Properties shares, meanwhile, closed down 0.2%. Meanwhile, Brent crude was up 0.5% at $98.73 a barrel by 11:55 GMT. On a weekly basis, the Abu Dhabi index lost 0.8 percent, while the Dubai index climbed 4.4 percent, marking its strongest weekly performance in more than six months, according to LSEG data.