The UAE stock market sees green as liquidity hits 1.47 billion dirhams.

Real Estate Drives Gains in Dubai’s Stock Market; Abu Dhabi Banks Support UAE Investment

Dubai’s Real Estate Sector Drives Stock Gains, While Abu Dhabi Banks Support Market

UAE stocks saw continued gains on Tuesday, as the real estate sector in Dubai and major banks in Abu Dhabi played crucial roles in driving the market. The Dubai market index rose by 0.14% to 4269.4 points, while the Abu Dhabi market index went up by 0.08% to 9252.61 points. Foreign (non-Arab) investors contributed a net investment of 126 million dirhams, with 94.7 million dirhams in Dubai and 31.1 million dirhams in Abu Dhabi.

In Dubai, shares of “Emaar Properties” and “Emaar Development” continued to rise, while “Union Properties” experienced a slight decline. In Abu Dhabi, bank shares like “First Abu Dhabi” and “Abu Dhabi Commercial” supported the market index. Liquidity in the markets totaled 1.47 billion dirhams, with 988 million dirhams in Abu Dhabi and 483.7 million dirhams in Dubai. Trading saw 526 million shares exchanged, with 281.3 million shares in Dubai and 244.7 million shares in Abu Dhabi.

The financial sector saw mixed results, with “Investcorp” shares rising while “Multiplay” declined in the Arab Emirates’ largest stock exchange

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