• Sat. Apr 20th, 2024

Rising Markets in Dubai and Abu Dhabi: Real Estate Takes Center Stage with Positive Trading Activity

BySamantha Jones

Apr 2, 2024
Positive beginning for UAE stocks in early April trading

Dubai and Abu Dhabi markets rose on Monday, with the Dubai market index up 0.4% to reach 4263.29 points. Real estate shares led the way in both markets, with Union Properties, Emaar Properties, Emaar Development, and Deyaar accounting for approximately half of the Dubai market’s liquidity.

In Abu Dhabi, financial, industrial, and utilities sectors supported the market’s rise, while real estate and industrial sectors saw gains in Dubai. Despite declines in finance and utilities sectors in Dubai, overall market performance was positive. Trading activity was substantial in both markets, including large deals on Emirates NBD Bank shares in Dubai and three large transactions on Abu Dhabi National Hotels Company shares in Abu Dhabi.

Liquidity in Abu Dhabi was led by International Holding, Abu Dhabi National Hotels, Alpha Dhabi, and Multiplay. Trading focused on Union Properties, Emaar Properties, Emaar Development, and Deyaar in Dubai. Investors from various nationalities showed interest in both markets with different trends observed in buying and selling activities.

Overall market movements were impacted by sectoral indices and individual stock performances across various sectors in both markets. Despite some fluctuations investor interest remained robust across various sectors as trading activity remained strong throughout the day.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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