Positive beginning for UAE stocks in early April trading

On Monday, the Dubai market index rose by 0.4% to 4263.29 points, with real estate shares leading the way. Meanwhile, in Abu Dhabi, the market saw a 0.18% increase to 9245 points, driven by strong performance from banking shares. The Abu Dhabi market was supported by gains in the financial, industrial, and utilities sectors, while the Dubai market index saw increases in the real estate and industrial sectors. Despite declines in the finance and utilities sectors in Dubai, overall market performance was positive.

Trading activity in both markets was substantial, with investors showing interest from various nationalities. In Dubai, four real estate stocks – Union Properties, Emaar Properties, Emaar Development, and Deyaar – collectively accounted for approximately half of the liquidity of the Dubai market. In Abu Dhabi, shares of First Abu Dhabi Bank, Abu Dhabi Commercial, and Abu Dhabi Islamic all experienced gains, as did Taqa shares which rebounded after a previous decline. A large deal on Emirates NBD Bank shares in Dubai and three large transactions on Abu Dhabi National Hotels Company shares in Abu Dhabi were among the significant trading activities observed.

Despite some fluctuations due to sectoral indices and individual stock performances impacting market movements

By Aiden Johnson

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