UAE markets extend gains on Monday

Blue-chip developer Emaar Properties reported strong property sales

  
Electronic boards showing stock information are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. Image used for illustrative purpose

Electronic boards showing stock information are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. Image used for illustrative purpose

REUTERS/Abdel Hadi Ramahi

ABU DHABI: UAE financial markets extended gains on continued upbeat sentiments Monday following high sales declared by some blue chips. Over AED1.68 bn transactions were struck today, pushing the Abu Dhabi main share index 0.34 percent up to 6,646, from 6623 pts, yesterday, with the Dubai main index following suit, edging up 0.64 pct to 2,839 from 2,820 pts.

ADX-listed International Holding Company continued its upward streak to AED96.75. Al Dar Properties increased to AED3.76; ADNOC Distribution to AED4.36; and Etisalat to AED22.

On Dubai Financial Market, Emaar Properties significantly climbed to AED4.11 following impressive sales in first five months of the year which resulted in AED110 million in new transactions.

A total of 7,059 deals were conducted over 328 mn shares at both bourses.

© Copyright Emirates News Agency (WAM) 2021.


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