Realty, banking blue chips continue to drive UAE markets

August 31, 2022

Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent, respectively…reports Asian Lite News

The UAE financial markets on Tuesday posted gains of around AED4.1 billion in market cap fueled by continued upbeat sentiments at the realty and banking sectors and cash inflows by institutions and individuals alike.

Driven by Emaar, Dubai General Index (DFMGI) advanced 0.79 percent to 3,463.5927.16 pts, with the property blue chip closing higher at AED4.80 and AED6.04 for Emaar Development and Emaar Properties respectively.

Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent, respectively.

Abu Dhabi index (FTFADGI) closed slightly 0.02 percent down to 9970.11 pts affected by conglomerate International Holding Company (IHC.AD), traded as ASMAK, slipping slightly down to AED338.800, after AED302 million of liquidity and FAB following suit to AED19.560.

Among other stocks, Alpha Dhabi rose 0.17 percent to AED24.240 and Multiply 0.46 percent up to AED2.180 while ADNOC Distribution moved 1.75 down to AED4.490.

ALSO READ: Multi-entry UAE visa for FIFA fans

Previous Story

Museum of the Future launches online store

Next Story

Five Indian films featured on Netflix’s global top 10 lists

Latest from UAE NEWS

UAE condemns Manchester attack

UAE condemns Manchester synagogue attack; UK deploys extra police, PM Starmer vows protection for Jewish communities while emergency services respond to a

‘Gulf economies stand strong’

GCC chief emphasised that the region’s positive economic outlook is supported by continued reforms, expansion of natural gas production, reduced dependence on

Abu Dhabi Chamber seals US deals

The Abu Dhabi Chamber of Commerce and Industry has taken significant steps to expand its international presence, signing two cooperation agreements with

UAE, India join on child services

The United Arab Emirates and India have opened discussions to enhance cooperation in integrated child development services, focusing on early childhood education,

SIBF returns this November

The 44th Sharjah International Book Fair celebrates the global bond between readers and books, highlighting Greece as Guest of Honour with workshops,

Don't Miss