Foreign and institutional purchases led the UAE markets to gains in the first weeks of October, with heavy stocks rising in the weights of market indices, so the Abu Dhabi market rose 1.65% and the Dubai index 1%, on the impact of merger and acquisition news.
Among the most prominent gainers in the Abu Dhabi market was “Multiplay”, and it jumped in 5 sessions 9.12% to the level of 3.35 dirhams, with the acquisition of the company and “Alpha Abu Dhabi” on “International Energy Holding”, which pushed “International Holding” to rise 1.12% at 360 dirhams.