The UAE financial markets hit a three-week high on Thursday, WAM reported.
The nation’s twin bourses continue on their positive trend as Abu Dhabi’s FTSE ADX General picked up 0.50 percent to close at 10,019.200 pts.
Heavyweight real estate shares led wider gains in Dubai equities pushing DFM General Index 0.925 percent higher to 3,462.780 pts, WAM said.
There were 18,017 trades conducted in the capital with a share turnover of more than AED2.1 billion, from 584,030,635 equities.
Abu Dhabi National Energy Company added 14.7 percent, closing at AED1.800, whereas Multiply Group closed higher by 14.6 percent at AED2.900.
State-backed oil and natural gas company ADNOC Drilling, was up by 4.020 percent to AED3.620.
In Dubai, 8,255 trades were conducted with a share turnover of AED880 million over 233,288,168 equities.
National district cooling company, Tabreed led the gains, closing up 6.670 percent at AED3.36.
Real estate giants, Emaar Properties and Emaar Development followed, ending the session higher 1.59 percent and 4.430 percent at AED6.390 and AED4.950, respectively.
Foreign investors pumped around AED197.4 million in the Abu Dhabi bourse and up to AED111.39 million in Dubai, WAM said.
In August, foreign investments in UAE stocks hit over $4 billion since the start of 2022. This was due to the strong performance of listed companies on the bourse, followed by the nation’s continued efforts to attract foreign investors.
Follow us on
