Positive beginning for UAE stocks in early April trading

On Monday, the Dubai market index rose by 0.4%, reaching a new high of 4263.29 points. Real estate shares led the way, contributing significantly to the market’s growth. Meanwhile, in Abu Dhabi, the market saw a 0.18% increase to 9245 points, driven by strong performance from banking shares.

Investors showed interest in both markets, with different trends observed in buying and selling activities. In Dubai, four real estate stocks – Union Properties, Emaar Properties, Emaar Development, and Deyaar – collectively accounted for approximately half of the market’s liquidity. Trading activity was substantial, with large deals on Emirates NBD Bank shares and three large transactions on Abu Dhabi National Hotels Company shares in Abu Dhabi.

The financial sector contributed to the rise of the Abu Dhabi market index, while gains in real estate and industrial sectors drove growth in the Dubai market index. Despite declines in finance and utilities sectors in Dubai, overall market performance remained positive due to strong demand for real estate properties.

Liquidity in Abu Dhabi was led by International Holding, Abu Dhabi National Hotels Company, Alpha Dhabi, and Multiplay. In contrast, trading in Dubai focused on four real estate stocks that led the way for growth. The markets saw robust investor interest and trading activity across various sectors despite some fluctuations due to global economic conditions.

Overall, both markets showed positive momentum as sectoral indices and individual stock performances impacted market movements. However, investors were cautious about investing heavily due to uncertainty caused by geopolitical tensions and economic slowdowns.

In conclusion, the Dubai and Abu Dhabi markets showed positive momentum despite some fluctuations due to global economic conditions. Real estate shares led the way for growth in both markets as investors continued to show interest despite some uncertainty caused by geopolitical tensions and economic slowdowns.

The financial sector contributed significantly to the rise of the Abu Dhabi market index while gains in real estate and industrial sectors drove growth in the Dubai market index. Despite declines in finance and utilities sectors in Dubai overall market performance remained positive due to strong demand for real estate properties.

Trading activity was substantial with large deals on Emirates NBD Bank shares and three large transactions on Abu Dhabi National Hotels Company shares in Abu Dhabi while investors from various nationalities showed interest in both markets with different trends observed in buying and selling activities.

By Sophia Gonzalez

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