Real Estate and Banking Boost UAE Stock Market Gains on Tuesday”.

UAE stocks see gains, with trading volume reaching 1.47 billion dirhams

The UAE stock market continued to see gains on Tuesday, thanks in large part to the support of leading real estate companies in Dubai and major banks in Abu Dhabi. Most other leading stocks remained stable, with some companies experiencing partial profit-taking.

In Dubai, the market index rose by 0.14%, while the Abu Dhabi market index rose by 0.08%. Foreign (non-Arab) investors contributed to the market with a net investment amounting to 126 million dirhams, with 94.7 million dirhams in Dubai and 31.1 million dirhams in Abu Dhabi. Emaar Properties and Emaar Development saw increases in their share prices, while Union Properties experienced some profit-taking. In Abu Dhabi, bank shares like First Abu Dhabi, Abu Dhabi Commercial, and Abu Dhabi Islamic continued to support 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. The Abu Dhabi market saw an increase in sectoral indices for financial, communications, and health care stocks, while there was a decline in the energy and industry sectors.

In Dubai, the real estate sector shares rose, while the banks remained stable. The utilities and industrial sectors saw a decline. The shares of Emirates NBD, Dubai Islamic, Dubai Financial, and Dubai Commercial stabilized

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