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The UAE stock market sees green as liquidity hits 1.47 billion dirhams.

UAE stocks experienced gains on Tuesday, driven by the performance of leading real estate companies in Dubai and major banks in Abu Dhabi. While most other leading stocks remained stable, some companies saw partial profits. The Dubai market index rose by 0.14% to 4269.4 points, while the Abu Dhabi market index went up by 0.08% to 9252.61 points. Foreign 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, shares of “Emaar Properties” and “Emaar Development” continued to rise, while “Union Properties” experienced a slight decline. In Abu Dhabi, bank shares like “First Abu Dhabi” and “Abu Dhabi Commercial” supported the market index.

Liquidity in the markets totaled 1.47 billion dirhams, with 988 million dirhams in Abu Dhabi and 483.7 million dirhams in Dubai. Trading saw 526 million shares exchanged, with 281.3 million shares in Dubai and 244.7 million shares in Abu Dhabi.

The financial sector was the only one that saw declines in both markets, with “Multiplay” declining in Dubai and “Investcorp” declining in Abu Dhabi.

In terms of trades by nationalities, Gulf investors leaned towards buying across both markets, while foreign investors tended towards liquidation.

Overall, the UAE stock market continues to perform well despite some fluctuations among certain sectors and individual companies.

By Samantha Jones

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