On Thursday, UAE stocks experienced a slight increase, thanks to the support of the banking sector in Abu Dhabi and strong performance from companies like “Emaar Development” and “DEWA” in Dubai. Foreign investor transactions were relatively calm during the session, with mixed performance among leading stocks.
In Dubai, “Emaar Development” stock rose by 1.28%, while “DEWA” saw an increase of 0.41%. In Abu Dhabi, banking stocks such as “First Abu Dhabi,” “Abu Dhabi Commercial,” and “Abu Dhabi Islamic” all experienced gains.
The total liquidity in the market was 1.17 billion dirhams, with 874.8 million dirhams traded in the Abu Dhabi market and 300.2 million dirhams in the Dubai market. A total of 21,491 transactions took place, with 52 companies experiencing rises and 26 seeing declines.
The Abu Dhabi market received support from various sectors such as finance, communications, and energy. In finance, banks were joined by companies like “Multiplay” and “International Holding.” In communications, Etisalat E and Yahsat rose, while in energy, ADNOC Distribution, ADNOC Drilling, and Dana Gas saw increases.
In Dubai, real estate saw mixed performance alongside financial sectors such as industrial utilities like Mashreq Bank and Deyaar while other financial sector stocks such as Emirates NBD and Emaar Properties declined.
Overall both markets experienced a mix of gains and losses across different sectors with certain stocks performing well while others experienced declines. While Arab investors showed increased interest in buying in both markets; Gulf investors tended more towards liquidation while individual investors leaned towards buying across both markets.
Abu Dhabi attracted foreign investment for buying purposes while Dubai received increased buying from Gulf citizens during this session of trading.
In conclusion: The UAE stock market saw moderate growth on Thursday supported by strong performances from key sectors such as finance and real estate.
