-+ 0.00%
-+ 0.00%
-+ 0.00%
UAE Shares Slide as Fresh Tanker Attack Heightens Oil Supply Concerns
Share
Listen to the news
07:43 AM EDT, 10/30/2026 (MT Newswires) -- Emirati stocks concluded the trading week lower on Friday as investor sentiment weakened amid persistent oil supply concerns linked to the Middle East conflict, following an attack on a tanker in the Strait of Hormuz. At Friday's close, the FTSE ADX General Index fell 0.12%, while the DFM General Index declined 0.808%. As of 2:36 pm UAE time, Brent crude was up 2.47% from the previous day at $117.89 per barrel. A tanker was struck by explosives attached to a small boat on Thursday, Business Recorder reported, citing the UK Maritime Trade Operations. The perpetrators of the attack remain unidentified. On the corporate front, Dubai Financial Market (DFM:DFM) reported a drop in third-quarter profit and total income. The stock was 1.56% lower at the end of the session. Meanwhile, Abu Dhabi National Hotels Co. (ADX: ADNH) swung to a loss despite higher revenue from contracts with customers. while the hotel company's stock fell 3.43%. Elsewhere, healthcare services provider Pure Health Holding (ADX:PUREHEALTH) posted lower third-quarter profit despite revenue growth. Its shares closed 2.7% lower.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending