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UAE stocks fall as US-Iran deadlock weighs
United Arab Emirates stock markets closed lower on Friday as a stalemate in US-Iran negotiations dampened risk appetite and unsettled energy markets. Dubai’s benchmark index fell for a fourth straight session, closing 0.5% lower, with nearly all constituents in negative territory. Emirates NBD, Dubai’s largest lender, fell 1.9%, while road-toll operator Salik dropped 2.7%. In Abu Dhabi, the index declined 0.3% for a seventh straight session, weighed down by basic materials and consumer discretionary shares. Conglomerate Alpha Dhabi Holding lost 1.1%, while Abu Dhabi Commercial Bank fell 1.3%. ...
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