UAE stocks gain AED9.3 bn in market cap Thursday

ABU DHABI, UAE financial markets on Thursday posted decent gains of about AED9.3 bn in market cap, driven by the realty and banking blue chips amid increased transactions that hit around AED1.44 billion.

The upbeat sentiments saw Abu Dhabi Securities Exchange (ADX) closing higher around 0.59 pct at 6,152 pts and Dubai’s main stocks index edging up 0.51 pct to 2,663 pts.

In the ADX, where 3179 deals were struck worth AED1.34 bn, the International Holding Company (IHC) continued its upward streak, closing high at AED94 amid AED453 million in transactions. Etisalat followed suit and rose to AED21.46 and ADNOC Distribution to AED4.74 amid trades of AED141 million. Aldar edged up to AED3.56 after AED260 million in deals.

In Dubai Financial Market, Emaar Malls closed favourably at AED1.93; Dubai Islamic Bank, AED4.50; and Emirates NBD to AED12.45 A total of 1725 deals were conducted worth around AED103 million at DFM.

Source: Emirates News Agency