Positive beginning for UAE stocks in early April trading

The Dubai market index rose 0.4% on Monday, reaching a new high of 4263.29 points. Real estate shares led the way, with Union Properties, Emaar Properties, Emaar Development and Deyaar accounting for approximately half of the Dubai market’s liquidity.

In Abu Dhabi, the market also saw a 0.18% increase to reach 9245 points, driven by strong performance from banking shares such as First Abu Dhabi Bank, Abu Dhabi Commercial and Abu Dhabi Islamic. Taqa shares also rebounded after a previous decline, contributing to the overall growth of the market.

The financial sector was one of the main drivers in Abu Dhabi’s rise, while real estate and industrial sectors were key contributors to Dubai’s positive momentum. Despite declines in finance and utilities sectors in Dubai, overall market performance remained positive due to gains in these sectors.

Investor interest and trading activity remained robust across various sectors in both markets. In Abu Dhabi, liquidity was led by International Holding, Abu Dhabi National Hotels, Alpha Dhabi and Multiplay while trading in Dubai focused on real estate stocks such as Union Properties and Emaar Properties.

Overall, both the Dubai and Abu Dhabi markets showed positive momentum with sectoral indices impacting market movements while individual stock performances played a significant role in shaping investor interest and trading activity across various sectors.

During Monday’s session in Dubai, four major real estate stocks accounted for almost half of its liquidity collectively – Union Properties (UPI), Emaar Properties (EMAR), Emaar Development (EDVC) and Deyaar (DYR). Meanwhile in Abu Dhabi’s stock exchange session on Monday evening saw substantial trading activity with three large transactions involving Emirates NBD Bank shares (ENBD) and one large deal on Abu Dhabi National Hotels Company shares (ADNH).

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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