• Wed. Apr 17th, 2024

Rising Markets in Dubai and Abu Dhabi: Real Estate Shares Lead the Way with Positive Performance

BySamantha Jones

Apr 2, 2024
Positive beginning for UAE stocks in early April trading

In Dubai, the market index rose by 0.4% on Monday to reach a new high of 4263.29 points, with real estate shares leading the way. The Abu Dhabi market also saw a 0.18% increase to 9245 points, driven by strong performance from banking shares. Trading in Dubai focused on four real estate stocks, including Union Properties, Emaar Properties, Emaar Development, and Deyaar, which together accounted for approximately half of the Dubai market’s liquidity.

In Abu Dhabi, shares of First Abu Dhabi Bank, Abu Dhabi Commercial, and Abu Dhabi Islamic all experienced gains, as did Taqa shares, which rebounded after a previous decline. The market saw substantial trading activity, including a large deal on Emirates NBD Bank shares in Dubai and three large transactions on Abu Dhabi National Hotels Company shares in Abu Dhabi.

The rise in the Abu Dhabi market was supported by gains in the financial, industrial, and utilities sectors, while the Dubai market index saw increases in the real estate and industrial sectors. Despite declines in the finance and utilities sectors in Dubai, overall market performance was positive. Liquidity in Abu Dhabi was led by International Holding, Abu Dhabi National Hotels, Alpha Dhabi, and Multiplay while trading in Dubai focused on Union Properties, Emaar Properties

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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