UAE stocks gain AED11.5 bn Monday

ABU DHABI, The UAE’s two main bourses secured AED11.5 bn in gains Monday, the highest in months, driven by the realty and banking sectors.

Amidst high sentiments, the General Index of the Dubai Financial Market increased 1.63 percent, closing high at 2619 points, with the General Index of the Abu Dhabi Securities Exchange following suit, ending the session up1.8 percent at 5066 points.

A total of 5311 transactions were conducted over 201 million shares worth AED565 million, with Emaar leading the race, ending high at AED4.72, followed by the Dubai Islamic Bank to AED4.91 and Dubai Investments to AED1.44.

At ADX, Aldar Properties soared to AED1.94, FAB to AED14.82 and ADCB to AED9.5.

Source: Emirates News Agency