Media ININ Economy We Trust
Media In – Abu Dhabi 11 April 2018 WAM
Dubai Financial Market witnessed strong activity led by real estate sector, which achieved most of the gains, pushing the index to the market to rise to 3133 points, up 1.4% compared to the previous day. Shares Emaar on the verge of breaking the barrier of 6 dirhams after closing at 5.93 dirhams, Approximately 4.8%.
On the Abu Dhabi Securities Exchange, the slight drop was dominated by the strong gains of the previous two days, and the general index closed at 4,689 points, which means that it still has the power to resume its activity easily.
Market players said the real estate sector continued to provide support to the markets, especially in the Dubai Financial Market, although liquidity is still in need of further improvement in order to rise prices and indicators to new levels.
Emaar Properties’ positive performance was reflected in the rest of the real estate sector. Emaar Properties rose 2.18 dirhams, Emaar Properties rose to 5.40 dirhams and Arabtec closed at 2.23 dirhams. In the banking sector, Emirates NBD saw an improvement of AED10.35, Which continued to rise to 5.50 dirhams.
In the capital market, Abu Dhabi Commercial Bank jumped to a new price of AED 7.18 with Union National Bank gaining AED 3.81 and Aldar Properties rose to AED 2.10. Abu Dhabi Energy was expected to regain its nominal value of AED 1.05. .
The value of transactions in the two markets amounted to approximately AED 350 million and the number of shares traded reached 203 million shares executed through 3851 transactions.
