UAE Stock Markets Experience Gains Thanks to Real Estate and Banking Sectors, Foreign Investors Play Significant Role

UAE stocks see gains, with trading volume reaching 1.47 billion dirhams

On Tuesday, UAE stocks continued to experience gains, supported by the real estate sector in Dubai and the banking industry in Abu Dhabi. While most other leading stocks remained stable, some companies saw partial profit-taking. The Dubai market index rose by 0.14%, while the Abu Dhabi market index increased by 0.08%.

Foreign (non-Arab) investors played a significant role in the market, contributing with a net investment amounting to 126 million dirhams. In Dubai, Emaar Properties and Emaar Development experienced increases in their share prices, while Union Properties saw some profit-taking. In Abu Dhabi, bank shares like First Abu Dhabi, Abu Dhabi Commercial, and Abu Dhabi Islamic continued to support the market index.

Liquidity in both markets totaled 1.47 billion dirhams on Tuesday. In Abu Dhabi, financial, communications, and health care sectors experienced an increase while energy and industry sectors saw a decline. In Dubai’s real estate sector shares rose while banks remained stable. Utilities and industrial sectors declined in Dubai while emirates NBD saw stability among other companies that experienced a decrease in their share prices.

Trading was led by International Holding and Alpha Dhabi in Abu Dhabi while Emaar Properties had the highest trading volumes in Dubai. Nationalities showed different buying and selling patterns with Gulf investors tending to buy more than foreign investors did in both markets except for one specific company where foreign investors dominated buying activity.

On Tuesday, UAE stocks continued to experience gains, supported by the real estate sector in Dubai and the banking industry in Abu Dhabi. While most other leading stocks remained stable, some companies saw partial profit-taking. The Dubai market index rose by 0.14%, while the Abu Dhabi market index increased by 0.08%. Foreign (non-Arab) investors played…

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