Dubai, Abu Dhabi markets rebound

Abu Dhabi: The stock market posts strong gains in Abu Dhabi, and back in the positive territory in Dubai as well, of 1:21 P.M. on Sunday.

The Abu Dhabi Securities Market general index surges 4.10 per cent as traders view the dip in share prices as a buying opportunity, index now at 2,678.39, up 4.10 per cent. All sub-indices are seen gaining, led by energy, telecommunication, consumer, healthcare. construction and real estate stocks.

Dubai Financial Market index, meanwhile, at 1,837.12, up 0.31 per cent from previous close.

Real estate major Emaar's stock in marginal decline, the stock now down 0.30 per cent to Dh3.37. So far, shares worth nearly Dh684 billion have been traded in Dubai.