UAE stocks gain Dh3 billion

Dubai: The UAE capital markets gained Dh3 billion in market capitalisation after the indices extended their gaining streak for two sessions till Monday. Gains were mostly driven by banks amid expectations of positive results in the last quarter of 2018.

“Market analysts attributed the bullish sentiment to the positive financial results expected to be revealed by some banks soon,” WAM said in a statement.

The Abu Dhabi Securities Exchange General Index soared 0.62 per cent, closing up at 4,934 points, with DFM following suit, ending 0.14 per cent up at 2,534 points.