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

Sukoon’s GO SAVER enhances employee savings 

Sukoon introduces GO SAVER to provide secure end-of-service benefit and workplace savings   Sukoon Insurance has officially launched its GO SAVER Employee Money Purchase Scheme, an innovative solution designed to provide secure

UAE receives first Rafale jet 

In a landmark deal with France’s Dassault Aviation, the UAE Ministry of Defence has inaugurated its first Rafale fighter jet, marking a major step in modernizing its military capabilities. The acquisition includes

DXB sets new benchmark, targets 100m passengers 

Dubai International (DXB) has broken its own record, welcoming 92.3 million passengers in 2024, reaffirming its place as the world’s busiest airport for international travel.    Dubai International (DXB) has marked a

Jaishankar’s visit cements India-UAE strategic ties 

The visit saw engagements with top Emirati leadership and participation in key diplomatic events, reflecting growing collaboration between the two nations….reports Asian Lite News  External Affairs Minister (EAM) S Jaishankar’s three-day visit
Go toTop

Don't Miss

Xposure International Photography Festival ends with 18,000 visitors

Xposure 2022 celebrates and honours photographers in recognition of their

Palm Jebel Ali to make Palm Jumeirah look small

The new futuristic development masterplan of Palm Jebel Ali, twice