Thursday , July 20 2017

UAE stocks gain AED4.1 billion

stocks

ABU DHABI / WAM

The UAE equity markets on Sunday continued their bullish trend which started last week, with the positive mood prevailing over all sectors led by the property market which posted robust growth in the run-up towards the announcement of the 2017 H1 financial results by leading companies. With the market capitalisation of trading companies gaining AED4.1 billion, Sunday’s session saw Damac outperforming with AED45 million worth of transactions, growing high by around 6.5 percent to close AED4.27.
Emaar beefed up the trend, approaching to break the AED8 mark which it already did during the first half of the session on Sunday, closing at AED7.97 following a normal profit booking streak. The rest of the property sector companies capitalised on the upbeat sentiments, including the Union Properties which closed high at AED0.963 and
Diar which ended at 53 fils. At Abu Dhabi Securities Exchange, Eshraq Properties rose to 96 fils.
The Dubai Financial Market General Index grew 1.01 percent to 3,573 points, with ADX rising to 4,524, closing higher by 0.13% as compared to Thursday session.

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