Over the past week, the UAE market indices saw little difference due to a mix of factors that influenced share prices. The Dubai market rose by 0.04% to 3983.78 points, while the Abu Dhabi market fell by 0.23% to 8932.94 points.
The positive performance of main real estate companies such as Emaar Properties, Emaar Development and Dubai Islamic in Dubai and Alpha Dhabi, Multiplay and Aldar Properties in Abu Dhabi contributed to the overall stability of both markets. Additionally, PureHealth shares experienced significant activity with a weekly jump of 17.49%.
Investors were more inclined to buy in the Abu Dhabi market while selling in the Dubai market. The total trading volume was 6.9 billion dirhams, with the Abu Dhabi market having more liquidity than the Dubai market.
Both markets had mixed performances across sectors such as financials, real estate, utilities and industrials. Certain companies in these sectors experienced growth while others saw declines, reflecting investors’ reactions to various factors affecting share prices.
Overall, markets in Dubai and Abu Dhabi had a mixed performance with foreign investment also playing a role in shaping overall market trends over the past week.
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