Positive beginning for UAE stocks in early April trading

Growth in the Dubai and Abu Dhabi markets: Insights into the financial sector, liquidity, and trading activity.

The Dubai market index saw a 0.4% increase on Monday, reaching 4263.29 points. Real estate shares led the way in the market’s growth, driven by strong performance from Emaar Properties, Emaar Development, Union Properties, and Deyaar. These four stocks accounted for approximately half of the Dubai market’s liquidity.

In Abu Dhabi, the market also rose by 0.18% to 9245 points. The gains were supported by strong performances from banking shares such as First Abu Dhabi Bank, Abu Dhabi Commercial, and Abu Dhabi Islamic Bank. Taqa shares also experienced gains after a previous decline. Trading activity in both markets was substantial, with large deals taking place on Emirates NBD Bank shares in Dubai and three transactions on Abu Dhabi National Hotels Company shares in Abu Dhabi.

The financial sector led the way in Abu Dhabi’s rise, while the industrial sector saw increases in both markets. Despite declines in the finance and utilities sectors in Dubai, overall market performance was positive due to increases in real estate and industrial sectors.

Liquidity in Abu Dhabi was led by International Holding, Alpha Dhabi, Multiplay, and Abu Dhabi National Hotels Company, while trading in Dubai focused on Union Properties, Emaar Properties, Emaar Development, and Deyaar. Investors from various nationalities showed interest in both markets with different trends observed in buying and selling activities across various sectors.

Overall, both the Dubai and Abu Dhabi markets showed positive momentum with sectoral indices and individual stock performances impacting market movements despite some fluctuations. Robust investor interest and trading activity remained across various sectors of both markets throughout the day.

Despite some fluctuations due to global economic uncertainty and geopolitical tensions affecting oil prices globally

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