April 20, 2024 4:18 am
Positive beginning for UAE stocks in early April trading

Dubai’s Market Index Rises 0.4% on Monday, Led by Real Estate Shares

On Monday, the Dubai market index rose 0.4% to reach 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. In Dubai, four real estate stocks – Union Properties, Emaar Properties, Emaar Development, and Deyaar – collectively accounted for approximately half of the liquidity in the market.

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 due to investor interest and robust trading activity across various sectors in both markets.

Liquidity in Abu Dhabi was led by International Holding, Abu Dhabi National Hotels, Alpha Dhabi, and Multiplay

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