AED 5 billion gains in UAE stocks

01-04-2019 Media in \Abu Dhabi
The market value of shares traded in the UAE stock markets reached AED 5 billion despite the contrast that dominated the trading session in today’s session.
The biggest support for the market came from real estate stocks led by Emaar, which was close to breaking the barrier of 5 dirhams after it reached 4.97 dirhams amid intense trading on the stock, especially by institutional investors.
Emirates NBD also posted a strong gain, with Dubai Islamic Bank (DIB) closing at AED10.50, which boosted the index’s overall gain.
In light of the strong activity witnessed by the Dubai Financial Market, the general index rose by 2.53% to close at 2696 points, which exceeded the gains since the beginning of this year, 6%, according to the monthly monitoring of transactions.
On the Abu Dhabi Securities Exchange, the index closed slightly lower at 5055 points.
On the liquidity level, the trading appetite increased, raising the value of transactions to AED 400 million in the Abu Dhabi and Dubai Financial markets. The number of shares traded reached 177 million shares through 4235 transactions.