Strong gains for the UAE capital markets at the beginning of the week

Media in Abu Dhabi 15 April 2018,
UAE financial markets started trading on the first day of the week on strong gains supported by the majority of listed sectors in the markets of Abu Dhabi and Dubai Financial, but the biggest support came from the real estate and banking sectors.
The general index of the Dubai Financial Market jumped to 3151 points, an increase of 1.83%, which is an important barrier according to technical data. The general index of the Abu Dhabi Securities Market rose to 4699 points, a growth of 1% compared to Thursday’s session.
Market brokers said the positive momentum in the market movement was a natural reaction to the economic stimulus initiatives announced by the emirate of Dubai, which included facilitating many business procedures, pointing out that such initiatives would contribute to increasing economic growth in the UAE in general.
Emaar rose to AED 5.98 to close at Dhs6, followed by the rest of the sector, including Emaar Properties, which rose 5.45 dirhams, while Emaar Properties was 2.17 dirhams, and Arabtec rose 2.20 dirhams. In the banking sector, Emirates NBD jumped to AED10.35 while Dubai Islamic Bank hit AED 6.52.
On the Abu Dhabi Securities Exchange, Abu Dhabi First rose to 12.60 dirhams, Aldar also gained 2.12 dirhams, while Dana Gas rose 94 fils and Abu Dhabi gained 1.07 dirhams.
In terms of liquidity, the value of transactions reached 232 million dirhams and the number of shares traded 154 million shares carried out through 2520 deal.