The UAE financial markets showed positive momentum on Friday, with both Abu Dhabi’s general index and Dubai’s main share index gaining. Local stocks gained over Dh24 billion in market cap, with the ADX seeing its largest daily rise in five months. The ADX’s Telecommunication Index led the gains, rising 3.727 per cent, followed by the Healthcare Index which ended 1.424 per cent up. The Banks and Financial Services Index closed at 1.2 per cent higher, despite FAB, the top lender, losing 1.530 per cent. At DFM, the Financial Index lost 0.454 per cent, while the Utilities Index performed the best, closing 1.212 per cent up.
The positive performance of the UAE financial markets on Friday marked the second straight session of gains. The ADX closed at 8,862.580 points, with the Telecommunication Index leading the way with a 3.727 per cent rise. The Healthcare Index also showed a strong performance, ending the session 1.424 per cent up. Despite FAB’s 1.530 per cent loss, the Banks and Financial Services Index closed 1.2 per cent higher. At DFM, the Financial Index saw a slight decrease of 0.454 per cent, while the Utilities Index was the top performer, closing 1.212 per cent up.
Investors in the UAE financial markets saw a positive trend on Friday, with local stocks gaining more than Dh24 billion in market cap. The ADX experienced its largest daily rise in five months and closed at 8,862.580 points. The Telecommunication Index continued to lead the gains at ADX with a 3.727 per cent rise, followed by the Healthcare Index which ended the session 1.424 per cent up. Despite FAB’s loss, the Banks and Financial Services Index closed at 1.2 per cent higher. At DFM, the Financial Index declined by 0.454 per cent, while the Utilities Index showed strong growth, closing 1.212 per cent up.
The positive momentum of the UAE financial markets continued on Friday, with both Abu Dhabi’s general index and Dubai’s main share index showing gains. The ADX closed at 8,862.580 points, with the Telecommunication Index leading the gains with a 3.727 per cent rise. The Healthcare Index also performed well, ending the session 1.424 per cent up. Despite a decrease in FAB’s stock, the Banks and Financial Services Index closed 1.2 per cent higher. At DFM, the Financial Index experienced a minor decline of 0.454 per cent, while the Utilities Index was the top performer, closing 1.212 per cent up.
The UAE financial markets maintained their positive momentum on Friday, with the ADX closing at 8,862.580 points. The Telecommunication Index saw a significant rise of 3.727 per cent, leading the gains at ADX. The Healthcare Index also performed well, ending the session 1.424 per cent up. Despite FAB’s loss, the Banks and Financial Services Index closed at 1.2 per cent higher. At DFM, the Financial Index declined by 0.454 per cent, while the Utilities Index showed strong growth, closing 1.212 per cent up.
