On Monday, the UAE stock market saw a slight increase in shares at the start of the week’s trading. The support came from various sectors such as real estate, banking, energy, and industrial companies, with foreign investors showing varying trends.
In Dubai, the real estate sector experienced an increase in shares of companies like “Emaar Properties” by 1.5% and “Dubai Taxi” by 1.74%. The industrial sector also saw gains with companies like “Dubai Investments” and “Aramex” increasing by 1.38% and 3.62%, respectively. Meanwhile, in Abu Dhabi, shares of “First Abu Dhabi Bank,” “International Holding,” and “Multiplay” experienced gains as well.
The ADNOC Drilling stock saw a significant increase following its quarterly results, rising by 4.33%. In Dubai, a large direct deal was witnessed in Gulf Navigation shares worth 35.86 million dirhams.
Total market liquidity reached 1.2 billion dirhams, with the Abu Dhabi market seeing higher liquidity compared to the Dubai market. A total of 24,681 transactions were implemented across both markets as share prices rose and fell for several companies.
Investors showed different trends in buying, selling and liquidating their investments resulting in a mix of positive and negative movements across both markets. The trading activity was robust with significant liquidity and high number of transactions taking place throughout the day.
Overall, while there were fluctuations in share prices across several sectors in both markets, investors continued to show interest in investing in the region’s diverse economy.
The UAE stock market is experiencing positive movements at the start of this week’s trading due to support from various sectors such as real estate, banking
