Media ININ Economy We Trust
MEDIA IN, Abu Dhabi, July 16, 2018 (WAM)
UAE stocks rose for the second straight day as institutional sentiment improved, boosting the market value of traded shares by AED 7.9 billion in two sessions, according to a daily analysis of transactions. The general index of the Abu Dhabi Securities Market (ADX) rose 1.3 per cent since Sunday, reaching 4747 points at the end of Monday, while the Dubai Financial Market index closed at 2919 points, a growth of about 1 per cent during the same period. The analysis of the market movement during the past two days shows a continuation of the real estate sector and banks leading the support for indicators. Emaar rose to AED 5.20, up 3.5% compared to last Thursday’s session. Emaar Properties gained 1.5 per cent during two closed sessions at AED2.10. Emaar Properties rose 1.7 per cent to AED 5.13 in the same period and 1.4 per cent to Damac, which rose to AED 2.16. In terms of liquidity, the value of transactions concluded in the markets of Abu Dhabi and Dubai Financials 520 million dirhams in two sessions and the number of shares traded 206 million shares were executed through 3912 deal.
