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UAE stock markets gain Dhs5.4 billion

The Gulf Today | October 12, 2017
 The Islamic Chamber of Commerce , Industry and Agriculture (ICCIA)

UAE stock markets secured decent gains of Dhs5.4 billion at the close of Wednesday session, driven by high sentiments and a selective buying spree at the realty, banking and telecommunications sectors, with ADX General Index up 0.96 per cent to 4514 points and DFM General Index increasing 0.80 percent to close at 3637, as compared to ysterday’s session.

Emaar is back to close on a high note of Dhs8.70, with Damac following suit, rising to Dhs3.89 and Arabtec to Dhs3.03. At the banking sector, Dubai Islamic Bank secured gains and closed at Dhs6.21.

Etisalat continued its upward move and rose to Dhs20, driving most of the gains at ADX, followed by First Abu Dhabi Bank which closed high at Dhs10.50, with Dana Gas up to 81 fils and Aldar spiking to Dhs2.40.

In terms of trading volume and liquidity, a total of 7727 transactions were conducted worth Dhs770 million over 515 million shares. And for the third day running, the markets closed in the green, with 35 shares out of 62 trading companies closing high,19 down and 8 at their last traded prices.