Positive beginning for UAE stocks in early April trading

The Dubai market index rose by 0.4% on Monday to reach 4263.29 points, with real estate shares leading the way. In Abu Dhabi, the market also saw a 0.18% increase to 9245 points, driven by strong performance from banking shares. Trading in Dubai focused on four real estate stocks, including Union Properties, Emaar Properties, Emaar Development, and Deyaar, which collectively accounted for approximately half of the Dubai market’s liquidity.

In Abu Dhabi, shares of First Abu Dhabi Bank, Abu Dhabi Commercial, and Abu Dhabi Islamic all experienced gains, as did Taqa shares, which rebounded after a previous decline. The market saw substantial trading activity, including a large deal 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 and utilities sectors while the Dubai market index saw increases in the real estate and industrial sectors. Despite declines in the finance and utilities sectors in Dubai overall market performance was positive.

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

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