MIDEAST STOCKS-Abu Dhabi bourse falls ahead of Trump tariff plan, Dubai gains
By Ateeq Shariff
April 2 (Reuters) - Abu Dhabi bourse ended lower on Wednesday after the Eid holiday, taking its cue from the global equity markets, as investors awaited details of U.S. President Donald Trump's tariff plans.
The White House is set to reveal new reciprocal tariffs at 2000 GMT on Wednesday. These tariffs are expected to take effect immediately after Trump's announcement, leaving investors fretting over the risks of an intensifying global trade war.
In Abu Dhabi, the index .FTFADGI — which traded after a three-session Eid break — lost 0.4%, hit by a 2% slide in Aldar Properties ALDAR.AD and a 3% decline Lulu Retail Holding LULU.AD.
Elsewhere, Kuwait's bourse .BKP was down 0.6%, while Bahrain market .BAX eased 0.1%.
However, Dubai's main share index .DFGMGI gained 0.3%, helped by a 0.8% rise in blue-chip developer Emaar Properties EMAR.DU.
Stock Exchanges in Saudi Arabia, Qatar, Egypt and Oman remain closed for Eid.
Dubai | .DFMGI rose 0.3% to 5,112 |
Abu Dhabi | .FTFADGI down 0.4% to 9,334 |
BAHRAIN | .BAX eased 0.1% to 1,950 |
KUWAIT | .BKP lost 0.6% to 8,626 |
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