The UAE financial markets strengthened their rise yesterday, with the start of their first weekly trading, amid the increase in trading appetite, which gave the market value of shares of traded companies gains of about 16 billion dirhams at the end of the session.
It was clear before the start of trading, that investors were motivated to trade, which contributed to displaying the prices of most shares at high levels, compared to those that closed on them in the session last weekend.
The general index of the Abu Dhabi Stock Exchange succeeded in reaching the level of 4200 points, up by 2.12%, while the general index of the Dubai Financial Market rose to a barrier of 1906 points, a growth of 4.16%, compared to its last closings in the previous week.
Trading operations continued to focus on the shares of the "banks" and "real estate" sectors listed in the Abu Dhabi and Dubai financial markets, which boosted the gains of the general indicators.
The shares of First Abu Dhabi Bank rose to 12.5 dirhams, while the share of Abu Dhabi Commercial Bank jumped to 4.49 dirhams, Abu Dhabi Islamic Bank shares, 3.4 dirhams, and «Aldar Real Estate Company» to 1.55 dirhams.
In the Dubai Financial Market, Emirates NBD shares continued its bullish approach, reaching 8.8 dirhams, while Dubai Islamic Bank shares reached 3.35 dirhams.
The shares of "Emaar Real Estate Company" managed to rise to 2.5 dirhams, followed by "Emaar Development", which closed at 2.16 dirhams, "Emaar Malls" 1.15 dirhams, and "Air Arabia" 1.03 dirhams.
The value of transactions in the Abu Dhabi and Dubai markets exceeded 400 million dirhams, and the number of traded shares reached 310 million shares, executed through 6341 transactions.