Dubai’s benchmark index reached a record high last Friday and maintained its upward trend earlier this week. Both Dubai’s main share index and Abu Dhabi’s benchmark index recorded their sixth consecutive weekly gain, closing the week 0.12% higher.

On Friday, Dubai’s main share index increased by 0.21%, closing at 5 464, while Abu Dhabi’s benchmark index remained flat at 9 665. The rise in Dubai’s index was attributed to a surge of business agreements between the U.S. and the UAE, announced during President Donald Trump’s recent Gulf tour.

These developments highlight the ongoing positive momentum in the Mideast stock markets, particularly in the UAE. The consistent gains reflect investor confidence bolstered by international partnerships and economic activities in the region.