Despite the COVID-19 pandemic the UAE stock market is showing signs of stability. The UAE stocks secured combined gains of circa AED32.5 billion over the three sessions conducted since the beginning of Ramadan after upbeat sentiments earned traders today in the country’s two main bourses around AED5.7 bn in market cap, driven by a positive performance by blue chips in the banking and realty sectors, reports Emirates News Agency (WAM)
After two hour of lull at the beginning of today’s trades, the stock markets recovered, concluding a total of 10,740 transactions worth AED450 million over 636 million shares at Abu Dhabi Securities Exchange and the Dubai Financial Market, which both closed higher 1.21 percent at 4,220 pts, and 0.58 percent, 1,997 pts, respectively.
In the capital’s bourse, Etisalat continued its upward streak and closed at AED15.60. FAB likewise ended the session high at AED11.38, followed by ADIB at AED3.52. At the property sector, Aldar closed positively at AED1.81.
Meanwhile at DFM, Emaar edged up to AED2.71 and Dubai Islamic Bank closed to AED3.62.
