Abu Dhabi, UAE–UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and closed at AED400.6, following more than $59.14 million worth of transactions.
Multiply Group gained $43.75 million in liquidity, closing high at AED3.670. Emirates Insurance Company (EIC) was the best performer and closed high at AED6.930.
However, Abu Dhabi’s Index FADGI closed 0.248% down at 9,776.340 points affected by the low performance of the banking and financial service index which fell 0.152% down as well the real estate index which closed at 7,948.610 points, 0.058 % down from the last trading session on Friday.
The industrial index yet closed in the green at 5,637.080 points, 0.101% up.
In Dubai, the general index closed high at 4,053.640 points, driven by the favorable performance of the real estate and industrial sectors.
The Union Properties Company was the best performer and closed 6.960% higher at AED0.415, followed by the Emirates Reem Investments which closed high at AED4.280. Top lender Emirates NBD closed higher 1.180% at AED17.100.