UAE Stocks Experience Slight Increase on Thursday
The stock markets in the United Arab Emirates (UAE) experienced a slight increase on Thursday, driven by the performance of banking sector stocks in the Abu Dhabi market and stocks like “Emaar Development” and “DEWA” in Dubai. Foreign investor transactions were subdued during the session, with mixed performance among leading stocks. The capital market index rose by 0.3% to 9239.38 points, while the Dubai index increased by 0.15% to 4246.67 points.
In Dubai, the “Emaar Development” stock rose by 1.28%, and “DEWA” rose by 0.41%. In the Abu Dhabi market, banking sector stocks like “First Abu Dhabi”, “Abu Dhabi Commercial”, and “Abu Dhabi Islamic” saw increases ranging from 1.08% to 1.21%. The total liquidity attracted was 1.17 billion dirhams, with the Abu Dhabi market accounting for 874.8 million dirhams and the Dubai market accounting for 300.2 million dirhams.
The Abu Dhabi market index received support from the financial, communications, and energy sectors, with gains ranging from -3% to +5%. In the communications sector, “Etisalat E&” and “Yahsat” rose, while in the energy sector, stocks like “ADNOC Distribution” and “Dana Gas” saw increases of up to +5%. The industrial sector in Abu Dhabi also witnessed a mix of gains and declines of up to -3%.
In Dubai, the financial, real estate, industrial, and utilities sectors saw mixed performance of up to -2%. Stocks like “Mashreq Bank” and “Commercial Dubai” rose while others like “Emaar Properties” and “Tecom” declined of up to -5%. Public utilities stocks like DEWA saw a slight increase while Tecom decreased of up to -2%.
In terms of trade according to nationalities
