Affected by the Iran attack incident, Dubai stock market resumed trading after two days of suspension, falling nearly 5% during the session, marking the largest single-day decline since May 2022. Abu Dhabi's main stock index dropped over 4%. Financial and real estate stocks led the decline, with Emirates NBD and Emaar Properties both falling close to 5%. Despite rising oil prices, the sell-off caused billions of dollars in market value to evaporate as investors reassessed geopolitical risks.