No Widgets found in the Sidebar
Positive beginning for UAE stocks in early April trading

Dubai and Abu Dhabi markets experienced positive growth on Monday, with the Dubai market index rising by 0.4% to reach 4263.29 points. Real estate shares led the way, with four stocks including Union Properties, Emaar Properties, Emaar Development, and Deyaar collectively accounting for approximately half of the Dubai market’s liquidity.

In Abu Dhabi, the market saw a 0.18% increase to 9245 points, driven by strong performance from banking shares such as First Abu Dhabi Bank, Abu Dhabi Commercial, and Abu Dhabi Islamic. Taqa shares also rebounded after a previous decline. The market experienced substantial trading activity, including large deals on Emirates NBD Bank shares in Dubai and three large transactions on Abu Dhabi National Hotels Company shares in Abu Dhabi.

The rise in the Abu Dhabi market was supported by gains in the financial, industrial, and utilities sectors. In contrast, the Dubai market index saw increases in the real estate and industrial sectors but declines in finance and utilities sectors overall. Despite these fluctuations, investor interest and trading activity remained robust across various sectors in both markets.

Liquidity in Abu Dhabi was led by International Holding, Alpha Dhabi, Multiplay and trading in Dubai focused on Union Properties, Emaar Properties

By Samantha Jones

As a dedicated content writer at newsaca.com, I bring a unique blend of creativity and precision to my work. With a passion for storytelling and a keen eye for detail, I strive to craft engaging and informative articles that captivate our readers. From breaking news to thought-provoking features, I am committed to delivering content that resonates with our audience and keeps them coming back for more. Join me on this exciting journey as we explore the ever-evolving world of news and information together.

Leave a Reply