UAE shares gain AED 6.6 billion, boosted by banking and real estate sectors

Media in Abu Dhabi 10 July 2018,
UAE stock markets returned to their upside course during today’s session amid improved trading sentiment on a large slice of leading stocks. The market value of traded shares closed at AED 6.6 billion, according to trading monitoring.
The general index of the Abu Dhabi Securities Market rose by 1.12%, reaching 4668 points, while the general index of the Dubai Financial Market increased by 0.71% to close at 2895 points compared to the previous day.
The daily analysis of transactions showed that the biggest support for the markets continued from the real estate and banking sectors as well as the telecom sector, which made good gains.
Emaar continued to lead the market after rising to AED 5.09, while Emaar Properties rose to AED5.11 while Damac was AED2.19.
Union Properties rose to AED 0.717. In the telecom sector, Du shares rose to AED 5.09.
On Abu Dhabi Securities Exchange, Abu Dhabi First Bank led the rally up to 12.40 dirhams, followed by Abu Dhabi Commercial Bank to 7.15 dirhams, Etisalat jumped to 17.10 dirhams, while Aldar Properties gained 2.10 dirhams.
In terms of liquidity, the value of transactions in the Abu Dhabi and Dubai Financial markets amounted to about 440 million dirhams and the number of shares traded reached 354 million shares through 3990 transactions.
The number of shares traded today 59 shares closed 32 of them on the profitability of shares fell 13 companies and shares of 14 companies remained at their previous levels