The markets in Dubai and Abu Dhabi made partial recoveries on Thursday after experiencing volatility during trading. This was due to selective liquidity flow in key sectors such as real estate, finance, energy, and technology. The Dubai market index rose by 0.2% to 3980 points, while the Abu Dhabi market index increased by 0.5% to 8978.83 points.
In Dubai, notable gains were seen in companies like “Emaar Properties,” “Emirates NBD,” “Drake,” and “Dubai Islamic.” These shares experienced gains and contributed positively to the overall sentiment of the market. Similarly, in Abu Dhabi, stocks of companies like “International Holding,” “ADNOC Gas,” “Alpha Dhabi,” “Alef Education,” and “PureHealth” all closed with gains, driving overall market performance.
Trading volumes in both markets showed a significant uptick, with a total of 404.43 million shares traded between them. In Abu Dhabi’s sector-wise analysis, finance, industrial sectors saw gains contributing to the rise in the market index. Meanwhile, Dubai’s market index saw increases in real estate and industrial sectors while finance and utilities sectors experienced declines.
Both markets were driven by positive sentiment and selective investments from foreign and Gulf investors alike. Despite this progress towards recovery and stability, it is important to note that markets remain subject to fluctuations due to global economic conditions and regional factors.
In summary, UAE stocks experienced a partial recovery on Thursday after experiencing volatility during trading sessions. Leading companies in various sectors saw gains due to selective liquidity flow across regions. Overall, both Dubai and Abu Dhabi markets showed signs of recovery thanks to positive sentiment and strategic investments from foreign investors.
It is worth noting that despite these promising developments, the stock markets remain subject to fluctuations caused by global economic conditions and regional factors that can impact their stability at any time.
