UAE stocks see gains, with trading volume reaching 1.47 billion dirhams

Growth in UAE Stock Markets Continues with Strong Real Estate and Banking Sectors

On Tuesday, the UAE stock market saw continued growth supported by leading real estate companies in Dubai and major banks in Abu Dhabi. Most other leading stocks remained stable, with some experiencing partial profit-taking.

The Dubai market index rose by 0.14%, while the Abu Dhabi market index increased by 0.08%. Foreign (non-Arab) investors contributed to the market with a net investment amounting to 126 million dirhams, with 94.7 million dirhams in Dubai and 31.1 million dirhams in Abu Dhabi.

In Dubai, Emaar Properties and Emaar Development experienced increases in their share prices, while Union Properties experienced some profit-taking. In Abu Dhabi, bank shares like First Abu Dhabi, Abu Dhabi Commercial, and Abu Dhabi Islamic continued to support the market index.

Liquidity in the markets totaled 1.47 billion dirhams, with 988 million dirhams in Abu Dhabi and 483.7 million dirhams in Dubai. The Abu Dhabi market saw an increase in sectoral indices for financial, communications, and health care stocks, while there was a decline in the energy and industry sectors.

In Dubai, the real estate sector shares rose while banks remained stable. The utilities and industrial sectors saw a decline. The shares of Emirates NBD, Dubai Islamic, Dubai Financial, and Dubai Commercial stabilized while some companies experienced a decrease in their share prices.

Trading volumes were led by International Holding and Alpha Dhabi in Abu Dhabi while Emaar Properties had the highest trading volumes in Dubai

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