UAE Stocks Gain AED6.2 Bn

Muhammad Irfan Published April 21, 2019 | 10:31 PM

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 21st Apr, 2019) UAE stocks maintained their upward movement and gained around AED6.2 bn in market cap at the end of the Sunday session, driven by a spree of selective purchases targeting blue chips and positive quarterly statements announced by the leading listed companies.

Amidst the overall bullish sentiments, the general index of the Abu Dhabi Securities Exchange closed at 5346 points, 1.03 percent higher than the last trading session, with the Dubai Financial Market following suit, ending at 2820 points, 0.

24 percent higher than the Thursday session.

Accordingly, Emaar closed high at AED4.97 and Arabtec at AED2.26, with Deyaar rising to 39 fils, 3.7 percent higher than the last session.

At ADX, FAB continued its upward streak to AED16.38, with ADCB closing at AED9.79, Abu Dhabi Islamic Bank at AED4.87 and Aldar at AED1.91.

A total of 3900 transactions worth AED316 million were conducted today over 266 million shares.

It's noteworthy that the average daily trading volume has exceeded AED300 million since the beginning of the year.