UAE Stocks Rise Strongly as Dubai and Abu Dhabi Hit 3-Month Highs

UAE Stocks

The Dubai Financial Market General Index rose by 2.37% to reach 6,095 points, while the Abu Dhabi Securities Exchange General Index advanced by 2% to 10,000 points. Both markets reached their highest levels since March 5.

In Dubai, leading stocks drove the upward movement. Emaar Properties rose by 4.78% to AED 12.26, while Emirates NBD gained 3.8% to AED 29.8. Emaar Development also advanced by 4.5% to AED 14.78.

The gains also included Air Arabia, which climbed 3.3% to AED 5.31, while Talabat rose 1.5% to AED 1.33. Dubai Islamic Bank also increased by 1.8% to AED 7.95.

In Abu Dhabi, major stocks posted a positive performance. Aldar Properties rose by 3.23% to AED 7.99, while Abu Dhabi Islamic Bank advanced by 3.72% to AED 21.7. Abu Dhabi Commercial Bank also gained 3% to AED 14.42.

First Abu Dhabi Bank rose by 3.67% to AED 18.1, while ADNOC Drilling advanced by 2.13% to AED 6.22. ADNOC Gas also recorded an increase of 1.72% to AED 3.54.

This performance reflects the continued positive momentum in the Dubai Financial Market and the Abu Dhabi Securities Exchange, supported by movements in leading stocks that played a clear role in pushing the indices to their highest levels in nearly three months.

Leave a Reply

Your email address will not be published. Required fields are marked *