UAE stocks gain AED5 bn

ABU DHABI, UAE bourses kept their upward move for the second day running, ending Tuesday’s session in the green, and posting gains to the tune of AED5 bn, driven by upbeat sentiments across the banking and realty sectors where a select of blue chips were in a high demand.

The positive mood left the Abu Dhabi Securities Exchange General Index high by the end of today’s session at 5003 points, up 0.63 percent on day, with Dubai Financial Market following suit by 0.74 percent to 2815 points.

According to industry analysts, foreign purchases were a driving factor behind the buying spree that targeted a select of realty and banking leaders, specially in the wake of the Q3 positive financial statements released recently. Amid the high sentiments, Emaar Malls closed high at AED1.92, followed by Arabtec at AED2.26, with Emirates NBD picking up to AED9.30 and Dubai Investments PJSC to AED1.62.

At ADX, FAB continued its upward streak to close high at AED14.38 and Aldar Properties to AED1.78.

In terms of liquidity, a total of 4950 transactions were conducted worth AED290 million over 525 million shares.

Source: Emirates News Agency