Upbeat sentiments driving UAE stocks

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  • A total of Dh1.235 bn in deals were conducted in ADX while DFM saw Dh212 million in deals

  • Emaar Properties led the best performing shares at the DFM

 At Abu Dhabi and Dubai main share indexes remained in the positive territory Tuesday, and climbed 0.53 percent and 0.29 percent respectively, driven by banking and realty blue chips.

At Abu Dhabi Securities Exchange (ADX), the International Holding Company (IHC) continued to surge to Dh97.10, with the country’s largest lender FAB closing at Dh16.58. Etisalat also rose to Dh22.22 and Aldar Properties to Dh3.82.

At Dubai Financial Market, Emaar Properties led the best performing shares at the Dubai Financial Market (DFM), rising to Dh4.17, with the emirate’s largest lender Emirates NBD Bank rising to Dh13.90.

A total of Dh1.235 bn in deals were conducted in ADX while DFM saw Dh212 million in deals.

Meanwhile, on Tuesday Al Yah Satellite Communications, or Yahsat, the satellite operator owned by Mubadala Investment Company, announced its plans to sell at least 30 per cent of its shares in what would be the first public offering on the Abu Dhabi Securities Exchange since 2017.

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