UAE stocks gain Dh5.4 billion in market cap
Driven by banking and realty blue chips, the UAE stock markets continued their upward streak Sunday, with Abu Dhabi's main index touching 5,176 points, up 0.24 per cent over the Thursday session, and Dubai Financial Market following suit and rising 1.85 per cent to 2,674 points, with the listed companies gaining Dh5.4 billion in market cap.
Emaar was among the best performers in the realty sector, closing high at Dh4.04, following deals worth Dh110 million. Emaar Development followed suit and closed high at Dh2.96 and Damac to Dh1.45. Dubai Islamic Bank climbed to Dh4.83 and Air Arabia to Dh1.38.
At Abu Dhabi Securities Exchange, ADCB posted decent gains and ended high at Dh6.13; Aldar Properties rose to Dh3.23, and ADNOC Distribution to Dh3.89.
A total of 9,959 deals were conducted worth around Dh1 billion over 621 million shares.
Source: Khaleej Times