August 31, 2022
1 min read

Realty, banking blue chips continue to drive UAE markets

Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent, respectively…reports Asian Lite News

The UAE financial markets on Tuesday posted gains of around AED4.1 billion in market cap fueled by continued upbeat sentiments at the realty and banking sectors and cash inflows by institutions and individuals alike.

Driven by Emaar, Dubai General Index (DFMGI) advanced 0.79 percent to 3,463.5927.16 pts, with the property blue chip closing higher at AED4.80 and AED6.04 for Emaar Development and Emaar Properties respectively.

Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent, respectively.

Abu Dhabi index (FTFADGI) closed slightly 0.02 percent down to 9970.11 pts affected by conglomerate International Holding Company (IHC.AD), traded as ASMAK, slipping slightly down to AED338.800, after AED302 million of liquidity and FAB following suit to AED19.560.

Among other stocks, Alpha Dhabi rose 0.17 percent to AED24.240 and Multiply 0.46 percent up to AED2.180 while ADNOC Distribution moved 1.75 down to AED4.490.

ALSO READ: Multi-entry UAE visa for FIFA fans

Previous Story

Museum of the Future launches online store

Next Story

Taliban marks 1st anniversary of US troop withdrawal

Latest from UAE News

Putin says UAE could host Trump summit

Putin proposes UAE as venue for Trump meeting as ceasefire deadline looms, while Moscow and Abu Dhabi deepen ties through prisoner swaps and trade deals. Russian President Vladimir Putin has revealed that

ASEAN big guns meet in Abu Dhabi

The Association of Southeast Asian Nations (ASEAN) Committee in Abu Dhabi—comprising ambassadors from all ASEAN member states—gathered for its third meeting in the UAE capital. The session, held with Ahmed Ali Al

UAHR slams ‘baseless’ Port Sudan allegations

The Union Association for Human Rights (UAHR) has strongly condemned recent accusations by the so-called “Port Sudan Authority” against the United Arab Emirates (UAE), calling them “baseless” and a deliberate attempt to

IBPC Dubai charts new growth path

Former Tata Motors CEO Ravi Kant headlines exclusive event as Indian business council sets course for transformation….reports Asian Lite News The Indian Business & Professional Council (IBPC) Dubai has signalled a significant
Go toTop

Don't Miss

Second UAE aid ship arrives at Latakia Port

The UAE launched the ‘’Operation Gallant Knight / 2’’ to

Abu Dhabi Community Cooperative launch brand identity of Hoot

The Abu Dhabi Community Cooperative (ADCC), has unveiled the brand