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UAE Stocks Gain AED3 bn
(8 January 2019)


The UAE capital markets extended a 2-day winning streak, booking circa AED3.00 billion in gains.

Banks were among the top gainers in both Abu Dhabi and Dubai, amidst a spree of selective purchases targeting some banks, expected to report decent gains for 2018.

The Abu Dhabi Securities Exchange General Index soared 0.62 percent, closing up at 4,934 points, with DFM following suit, ending 0.14 percent up at 2,534 points.

Market analysts attributed the bullish sentiment to the positive financial results expected to be revealed by some banks soon.

The DFM-listed Emirates NBD closed high at AED9.09, with ADCB soaring to AED8.24, followed by Abu Dhabi Islamic Bank rising to AED4.04 and FAB up at AED14.22.

On the side of cash flows, a total of 4,173 transactions were conducted in Abu Dhabi and Dubai bourses over 194 million shares worth AED250 million against AED220 million yesterday.

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