The UAE stock market sees green as liquidity hits 1.47 billion dirhams.

UAE Stock Markets Continue to Gain Support from Major Banks and Real Estate Companies

On Tuesday, UAE stocks saw continued gains, supported by major banks in Abu Dhabi and leading real estate companies in Dubai. While most other leading stocks remained stable, some companies experienced partial profits. The Dubai market index rose by 0.14% to 4269.4 points, while the Abu Dhabi market index went up by 0.08% to 9252.61 points. Foreign (non-Arab) investors contributed a net investment of 126 million dirhams, with 94.7 million dirhams in Dubai and 31.1 million dirhams in Abu Dhabi.

In Dubai, shares of “Emaar Properties” and “Emaar Development” continued to rise, while “Union Properties” experienced a slight decline. In Abu Dhabi, bank shares like “First Abu Dhabi” and “Abu Dhabi Commercial” supported 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.

Trading saw 526 million shares exchanged, with 281.3 million shares in Dubai and 244.7 million shares in Abu Dhabi.

In terms of sectoral indices for the financial sector in the Abu Dhabi market index, there were increases for both “Investcorp” and “Multiplay”. The communications sector also saw increases for both “Etisalat E&” and “Yahsat”. Energy companies like “Dana Gas” experienced declines, while industry companies remained stable.

Real estate sector stocks rose in both markets as did health care stocks with mixed movements overall.

The utilities sector declined slightly with decreases seen for both “Empower” and “Tabreed”. Similarly, industrial sectors also declined slightly.

In terms of trades by nationalities in the Abu Dhabi market, Gulf and foreign investors leaned towards buying while Arab investors tended towards liquidation.

Similar trends were observed for trades by nationalities in Dubai where Gulf and foreign investors bought while Arab investors tended towards selling.

Leave a Reply

The Team Behind Amazon’s Just Walk Out Technology is Dominated by AI Experts Previous post Unveiling the Hidden Workforce: The Reality Behind AI Systems’ Functioning
The Ministry of Health in Vietnam Advises Limiting Outdoor Activity on Hot Days Next post Scorching Heat Prompts Ministry of Health to Issue Recommendations on Water Intake and Sun Exposure