On Monday, the Dubai market index saw a rise of 0.4%, reaching 4263.29 points. Real estate shares drove this growth, while banking shares supported the Abu Dhabi market’s increase to 9245 points.
In Dubai, trading focused on four real estate stocks – Union Properties, Emaar Properties, Emaar Development, and Deyaar – which accounted for about half of the market’s liquidity. Meanwhile in Abu Dhabi, shares of First Abu Dhabi Bank, Abu Dhabi Commercial, Abu Dhabi Islamic, and Taqa all saw gains. The financial, industrial, and utilities sectors supported the growth of the Abu Dhabi market index.
A significant deal was executed on the shares of Emirates NBD Bank in Dubai, while three large transactions were executed on the shares of Abu Dhabi National Hotels Company in Abu Dhabi.
Investment portfolios leaned towards buying in both Dubai and Abu Dhabi across different sectors. The real estate and industrial sectors experienced growth in both markets, while the financial and utilities sectors declined slightly. Gulf and foreign investors tended towards buying in Dubai, while Arab investors and citizens moved towards liquidation in their investment portfolios.
Overall, both markets showed positive movements with strong liquidity and trading activity among investors indicating confidence in their investment decisions.
