Abu Dhabi: The UAE stock markets yielded mixed results on Tuesday. While the Dubai Financial Market index closed marginally lower on profit-taking by investors, the rally on the Abu Dhabi Securities Exchange (ADX) continued.
The DFM index fell 0.66 per cent to close at 1,620.09 as investors sold shares of real estate major Emaar and Arabtec to book profits on gains made in the past one week.
In Abu Dhabi, the ADX general index rose 1.04 per cent to end the day at 2,593.24. Shares of real este major Aldar Properties, however, fell 2.04 per cent to close at Dh2.39.
In Dubai, 143.26 million shares cumulatively worth Dh259.39 million were traded. In Abu Dhabi, 61.92 million were traded which were altogether worth Dh129.12 million.
Analysts say the regional markets are poised to go higher in the days ahead because of some attractive share valuations, positive investor sentiments on the global financial markets and the third quarter company earnings looming on the horizon.
