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UAE stocks gain AED 4.7 billion driven by property sector
UAE stocks resumed an upward streak on the first day of the month, gaining AED4.7billion in market value, according to statistics released by the end of Monday's sessions. New comers joined the list of top performers today, primarily Amanat's share which rose by 4.5 percent to AED1.16 following the company's General Assembly's approval of an issued share capital of the Company at AED1 billion, triggering transactions worth AED 237million.
Etihad Properties' share inched up by 4 percent closing at AED1.06 from AED1.00 earlier in today's trading. EMAAR Properties rose to AED7.35, considerably contributing to the market gains, with DAMAC following suit and closing at AED 2.55.
At Abu Dabi Securities Exchange (ADX), First Abu Dhabi Bank rose by 0.79 percent to 4,558 points, with Dubai Financial Market General Index rising by 0.75 percent, closing at 3,440.
Amidst upbeat sentiments, 5144 transactions were conducted worth AED764 million over 576 million stocks.
Majority of stocks closed in green, with 33 companies out of 60 ending on a rising note, while 18 declined and 9 closed at their last traded prices.
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