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UAE stocks book gains amidst upbeat sentiments

UAE stocks were upbeat on positive industry sentiments on Wednesday, with traders focusing on a select of blue chips pending announcement of their Q1 financial statements. Within this context, fair gains were gained, with EMAAR Properties ending on a high note of AED7.44, a 1.22 percent increase over yesterday. At Dubai Financial Market, DFM, Dubai Investment edged high to AED 2.17, with GFH Group rising for the second straight session, closing at AED2.46.

At Abu Dhabi Securities Exchange (ADX) Aldar was the best performer ending up at AED 2.23 through transactions worth around AED49 million. Etisalat stood at AED17.55, amidst AED 35 million in trading.

An overall state of calmness with a slight downward movement was seen at ADX and DFM general indexes, with the former edging bit down by 0.11 percent to 4,552 points, and the latter following suit and closing at 3.436 points. In terms of liquidity, a total of 5,933 transactions worth AED577 million were conducted over 354 million shares.



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