Dubai: UAE stocks closed higher on Wednesday as Dubai’s volume and turnover significantly jumped amid investors’ continuing positive market sentiment.
Dubai’s turnover climbed to Dh2.27 billion from Tuesday’s Dh1.62 billion, while its volume surged from 650.68 million shares to 1.03 billion.
The DFM General Index was up 1.23 per cent to 4576.31. Of the 31 stocks traded, 17 advanced, 12 retreated and two remained unchanged.
In Abu Dhabi, the ADX Securities Index was almost flat, gaining 0.02 per cent to 4955.12. Majority of stocks decreased. Of the 33 stocks traded, 19 lost, 13 rose and one was unchanged.
In Dubai, among the most active stocks in terms of value traded, Deyaar Development soared 8.27 per cent to Dh1.44; Union Properties added 2.60 per cent to Dh5.69, Arabtec was up 1.99 per cent to Dh 6.14 and Tabreed gained 1.83 per cent to Dh2.22. National General Insurance (NGI) and Dubai National Insurance and Reinsurance (DNIR) were the biggest gainers, up 14.79 per cent and 14.66 per cent respectively.
Among the decliners, Drake and Scull International fell 1.16 per cent to Dh1.70 and Emaar Properties slipped 0.50 per cent to Dh10.05.
In the capital, Dana Gas and First Gulf Bank advanced and Aldar Properties, Rak Properties and Waha Capital retreated.
