The banking sector continues to provide the most support
Stock markets raise their gains to 8 billion dirhams
The general index of Dubai Financial Market closed at 2,153 points.
Photography: Ahmed Arditi
The UAE financial markets strengthened their rally during today's penultimate session of its weekly trading.
The rise in the value of the gains achieved by the market value of the shares of publicly traded companies exceeded 8 billion dirhams at the end of trading.
The general index of the Abu Dhabi Securities Market is on the verge of surpassing the 4,700-point barrier, after it reached 4,689 points during yesterday's trading session, with an increase of 0.87%, while the Dubai Financial Market general index closed at 2,153 points, a growth of 0.64% compared to the previous day.
In spite of the improvement included more listed sectors, the banking sector continued to provide the greatest support to the financial markets, as the share of First Abu Dhabi Bank rose to 11.60 dirhams, Abu Dhabi Commercial Bank rose to 5.76 dirhams, and Abu Dhabi Islamic Bank rose to 4.57 dirhams.
As expected, the share of the International Holding Company rose to a new price level, closing at AED41.
On the Dubai Financial Market, Emirates NBD’s shares rose to 9.42 dirhams, while Dubai Islamic Bank’s shares closed at 4.08 dirhams.
Al Arabiya Airlines witnessed strong activity, amounting to 1.09 dirhams, in addition to Shuaa, which closed at 61 fils.
The value of trades on the two markets amounted to approximately 488 million dirhams, and the number of traded shares was 158 million, executed through 4,683 transactions.
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