Abu Dhabi / WAM
Driven by the strategic partnership between Aldar and Emaar, the largest property companies on the local market, the UAE stocks posted AED5 billion gains. The DFM General Index closed on a high note of 3206 points, 00.75% up from the last traded session, with ADX General Index following suit at 4566 points, 0.91% higher than Tuesday.
Emaar spiked to AED6.07, followed by Emaar Development, which edged up to AED5.46 , with Emaar Malls following suit up to AED2.22.
Union Properties closed at 88fils, ARABTEC at AED2.38 and Drake and Scull at AED1.82.