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Abu Dhabi gains on IHC rally, Dubai falls
Abu Dhabi’s index closed higher on Friday, supported by gains in the healthcare and consumer staples sectors, while Dubai’s market bucked the trend to end lower. Abu Dhabi’s benchmark index rose 1.1%, its biggest intraday gain in more than 6 weeks, boosted by a 4.8% surge in UAE’s biggest listed firm International Holding Company. Among other gainers, healthcare conglomerate Pure Health Holding jumped 4.7%, while hypermarket operator Lulu Retail Holding was up 2.6%. Dubai’s main index, however, fell 0.5%, snapping a two-session winning streak, dragged down by a 2.4% drop in top lender Emirates...
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