UAE shares slightly up as investors watch Iran-US talks

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By Mohd Edrees Stock markets in the United Arab Emirates closed slightly higher on Friday, as investors awaited news from Iran and the United States' high-stakes negotiations regarding Tehran's nuclear programme.Dubai's main market DFM:DFMGI extended gains to the 5th straight session, rising 0.2% to its highest level since early 2006.Abu Dhabi's benchmark index ADX:FADGI edged up 0.1%, supported by a 0.8% increase in real estate developer Aldar Properties ADX:ALDAR and a 0.5% hike in Adnoc Gas ahead of its earnings expected later in the day.However, Sharjah-based Dana Gas ADX:DANA declined 3.3% after the firm reported a 14% drop in full-year profit and a 27% decline in annual revenue.Dubai index gained 4%, its biggest weekly rise since June last year, while Abu Dhabi posted weekly gains of 2.7%, according to LSEG data.Toll operator Salik Company DFM:SALIK climbed 2.2%, while state-run utility firm Dubai Electricity and Water Authority DFM:DEWA added 1.3%.Oil prices - a key catalyst for the Gulf's financial markets - were up 0.1% at $67.63 a barrel by 1141 GMT.

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