In the UAE, shares experienced a slight increase at the beginning of the week’s trading. This was supported by companies in real estate, banking, energy, and industry. Foreign investors showed varying trends in their investments.
In Dubai, real estate companies like “Emaar Properties” saw an increase in their share prices while industrial companies like “Dubai Taxi” and “Dubai Investments” also experienced positive growth. Meanwhile, in Abu Dhabi, financial and energy companies like “First Abu Dhabi Bank” and “Multiplay” saw an increase in their share prices.
ADNOC Drilling’s stock reacted positively to its quarterly results with a 26% increase to about one billion dirhams. The stock rose by 4.33% to close at 4.1 dirhams. Gulf Navigation shares were involved in a large direct deal worth 35.86 million dirhams in Dubai market.
Total market liquidity reached 1.2 billion dirhams with more liquidity seen in the Abu Dhabi market compared to Dubai market. Trading was active with share prices of many companies both rising and falling through various transactions.
In the Abu Dhabi market, sectors such as industrial, financial, and energy showed positive growth while other sectors experienced declines
