ABU DHABI, UAE – The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals.
Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.380 pts, with conglomerate International Holding Company (IHC.AD), traded as ASMAK, closing high at $95.3 (AED 350), after $101 million (AED374 million) of liquidity and NBAD edging 0.779 percent higher to $5 (AED18.4).
Dubai General Index (DFMGI) slid 0.406 percent to 3,382.310 pts with blue-chip developer Emaar closing at $1.6 (AED6.01).
Among other stocks, the Emirates NBD and Mashreq Bank increased 1.92 percent, and 1.270 percent to $3.6 (AED13.25) and $21.7 (AED80) respectively.