UAE shares earn AED 5.8 billion at the beginning of the week

24-02-2019 Media in \Abu Dhabi
UAE stock markets continued their gains with the start of its weekly trading and the market value of shares of companies traded at the end of the session on Sunday about 5.8 billion dirhams.
Dubai Financial Market (DFM) rose 1.33% to 2668 points, while the general index of the Abu Dhabi Securities Market closed at 5139 points with 0.82% growth compared to Thursday’s session.
Trading continued at good levels. The value of transactions in Abu Dhabi and Dubai Financial Markets reached AED 440 million and 293 million shares were traded through 5002 transactions.
Support for the markets came from continued purchases by foreign and local investment institutions on selected stocks spread over several sectors but focused more on the real estate sector.
Aldar’s management announced its proposal to distribute cash dividend of 14% (14 fils per share) of capital for 2018, raising the share price to AED 1.82. In the banking sector, Abu Dhabi First Bank rose to 15.22 AED.
On the Dubai Financial Market, Emaar rose to AED 4.81, followed by Damac to AED 1.42 and Dubai Islamic Bank up 5.17 dirhams.