The Dubai market index saw a 0.4% rise on Monday, reaching a high of 4263.29 points. The increase was driven by real estate shares, which accounted for half of Dubai’s market liquidity.

In Abu Dhabi, the market also experienced growth, with a 0.18% increase to 9,245 points. Banking stocks led the way in Abu Dhabi, with strong performances from First Abu Dhabi Bank and Abu Dhabi Commercial among others.

Trading activity in both markets was significant, with several large deals taking place in shares of Emirates NBD Bank in Dubai and three large transactions in shares of Abu Dhabi National Hotels Company in Abu Dhabi.

Despite declines in some sectors like financial and utilities in Dubai, overall market performance remained positive due to gains in real estate and industrial sectors. In Abu Dhabi, gains were seen across financial, industrial and utilities sectors.

The liquidity in Abu Dhabi was led by International Holding, while trading activity focused on Alpha Dhabi and Multiplay among others. Union Properties led trading activity in Dubai alongside Emaar Properties, Emaar Development and Deiaar. Investors from different countries showed interest in both markets with varying buying and selling activities trends.

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.

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