The UAE stock markets concluded Thursday’s trading session with notable gains, as both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) closed in the green.

In Dubai, the DFM index rose by 0.26%, reaching 5,452.76 points, with a total trading value of AED 460.92 million. The uptick was primarily driven by a 1.8% increase in shares of both Salik and Emirates NBD. Other top performers included Dubai Insurance, which surged by 15%, Emirates Reem with a 7.5% gain, and Dubai National Insurance rising by 4.6%. Conversely, National Cement and National General Insurance saw declines of 5.6% and 3.6%, respectively.

Meanwhile, the ADX index experienced a more substantial rise of 0.79%, closing at 9,667.26 points, with total trades amounting to AED 1.15 billion. The market’s performance was bolstered by a 4.92% increase in Alpha Dhabi’s shares and a 0.17% uptick in International Holding Company’s stock. Phoenix Group led the gainers with a 12.7% jump, followed by Al Seer Marine Equipment at 7.9%. On the downside, Abu Dhabi National Takaful and Dar Al Takaful declined by 9.8% and 8.1%, respectively.

The positive movement in both markets reflects investor confidence and the robust performance of key sectors within the UAE’s economy.