Abu Dhabi: The UAE stock markets closed in the green for the second day running, gaining to the tune of Dh15 billion in two successive sessions, Dh7.4 billion of which on Wednesday, with the general indices of the two main bourses hitting several-month highs, driving sentiments up among different segments of traders.
The Abu Dhabi Securities Exchange General Index grew 0.88 per cent to 4481 points, with Dubai Financial Market General Index following suit to 3458 points, 1.4 per cent up from Tuesday session.
While the realty sectors continued to drive the rise, other platforms chipped in for the growth.
Within this context, Emaar continued its upward movement, closing on a high note of Dh7.40, a growth of around 3 per cent over the last traded price, luring transactions worth Dh47 million. Emaar Development spiked 3.8 per cent to Dh5.49 followed by Emaar Malls at Dh2.23, with Union Properties PJSC edging up to 99 fils.
Dubai Islamic Bank maintained its positive performance and rose to Dh6.29, and Dubai Investments to Dh2.48, with most of Takaful insurance shares securing decent gains.
In the capital’s bourse, etisalat was the best performer after rebounding to Dh17.55, with First Abu Dhabi Bank increasing to Dh10.65, and Abu Dhabi Commercial Bank hitting a several-month high of Dh7.10.
In terms of liquidity, a total of 6,505 transactions were conducted worth Dh593 million over 379 shares, with 40 companies out of a total of 65 traders closing high, 15 down and 10 on their last traded prices.
