Khaleej Times, Saturday, Aug 27, 2022 | Muharram 29, 1444
UAE stocks gain Dh8.3 billion on Friday
Emirates: The UAE financial markets on Friday
posted gains of around Dh8.3 billion in market cap driven by upbeat sentiments
at the realty, banking and telecom sectors and cash inflows by institutions and
individuals alike.
Realty and banking blue chips accounted for the lion's share of transactions
that amounted to more than 14,700 worth around Dh1.67 billion over 353.7 million
shares.
Dubai General Index (DFMGI) advanced 0.007 percent to 3,462.890 pts as blue-chip
developer Emaar properties continued to hike, closing higher at Dh6.100 after
drawing Dh155.9 million in cash flows.
Among other stocks, Emirates NBD, Dubai Islamic Bank, and TECOM increased 1.84
percent, 0.84 percent and 0.41 percent respectively.
Abu Dhabi index (FTFADGI) rose 0.133 percent to 10,035.060 pts, with
conglomerate International Holding Company (IHC.AD), traded as ASMAK, closing
slightly down at Dh341.00, after Dh312 million of liquidity and NBAD edging
higher to Dh20.200.
Among other stocks, Abu Dhabi Islamic Bank rose 1.32 percent to Dh9.200 and
ADNOC Distribution moved higher to Dh4.690.