Dubai Rises 0.30% and Abu Dhabi Gains 0.55% in Green Session
The Dubai Financial Market index closed up 0.30% at 5,752 points on trading worth 497 million dirhams, while the Abu Dhabi index rose 0.55% to 9,641 points on trading worth 907 million dirhams.
The Dubai Financial Market index closed up 0.30%, or about 18 points, at 5,752 points on a trading value of 497 million dirhams. 24 stocks rose out of 53 traded stocks, while 16 declined and 13 remained unchanged.
In Abu Dhabi, the market index rose 0.55%, or 52 points, to 9,641 points on trading reaching 907 million dirhams. 46 stocks rose out of 90 traded stocks.
Emaar stock stabilized at 11.14 dirhams, while Aman stock jumped 7.1% to 0.525 dirhams. ADNOC Gas was the most traded stock in Abu Dhabi, falling 1.6% to 3.12 dirhams.
Argaam's daily report presented figures for both sessions, pointing out the rise of both indices alongside mixed performance among blue-chip stocks. The Dubai index closed at 5,752 points and the Abu Dhabi index at 9,641 points at the end of trading.
What Do These Terms Mean?
Dubai Financial Market Index: The main index of the Dubai stock exchange, tracking the performance of listed stocks.
Abu Dhabi Securities Exchange Index: The main index of the Abu Dhabi stock exchange, measuring the performance of listed companies in the market.
Trading Value: The total value of shares exchanged during the session, measured in dirhams in UAE markets.
Blue-Chip Stocks: Stocks of large companies with high weightings in the index, whose performance directly affects market direction.
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