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

Dubai and Abu Dhabi’s stock markets witnessed gains on Tuesday, driven by the performance of major real estate companies in Dubai and leading banks in Abu Dhabi. Most other leading stocks remained stable, with some experiencing 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 (non-Arab) 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 one of the key drivers for gains in the Abu Dhabi market index, which saw increases in sectoral indices for financial, communications, and health care stocks, while energy and industry saw declines.

Investcorp shares rose in the financial sector while Multiplay declined.

In terms of communications sector companies like Etisalat E& and Yahsat saw increases.

Energy sector companies like Dana Gas and ADNOC Distribution experienced declines.

Real estate and health care sectors also saw mixed movements.

By Samantha Johnson

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