On Tuesday, UAE shares rose on the back of major banks in Abu Dhabi and leading property companies in Dubai. While most other leading stocks remained stable, some companies posted partial profits. The Dubai market index increased by 0.14% to 4269.4 points, while the Abu Dhabi market index rose by 0.08% to 9252.61 points. Foreign (non-Arab) investors contributed a net investment of 126 million dirhams, with 94.7 million dirhams in Dubai and 31.1 million dirhams in Abu Dhabi.

In Dubai, Emaar Properties and Emaar Development shared continued to rise, while Union Properties experienced a slight decline. In Abu Dhabi, bank shares such as “First Abu Dhabi” and “Abu Dhabi Commercial” supported the market index. Liquidity in the markets was led by transactions in “International Holding” and “Alpha Dhabi” in Abu Dhabi and “Emaar Properties” in Dubai.

The financial sector saw gains in both markets, with the shares of Investcorp rising in Abu Dhabi and multipleja falling in Dubai. The communications sector also saw gains with Etisalat E& and Iahsat recording an increase

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

Leave a Reply