UAE Stocks Gain $16.6 Billion This Week As Real Estate And Industry Thrive

The market gains were AED52.8bn ($14.4bn) for the Abu Dhabi Securities Exchange (ADX) and AED8bn ($2.2bn) for the Dubai Financial Market (DFM).

The market capitalisation of listed shares rose from AED3.531tn ($961bn) in last Friday’s session to AED3.591tn ($978bn) by the end of Friday, September 6, with AED2.858tn ($778bn) for ADX-listed shares and AED733.3bn ($200bn) for DFM-listed shares.

UAE stock market gains

The FTSE ADX General Index (FADGI) rose by 1.75 per cent, or 163.12 points, to close at 9448.05 points, while the FTSE ADX 15 index (FADX15) rose by 1.52 per cent, gaining about 140.4 points to close at 9362.89 points.

The General Index of the DFM rose by 1.1 percent, or 47.4 points, to close at 4,372.87 points, supported by gains in the real estate sector by 3.2 per cent, the financial sector by 1.38 per cent, the telecoms sector by 1.11 per cent, and the industrial sector by 0.48 per cent.

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Muhammed Nuri Erdogan

Reporter at Haberleri, and Anadolu Agency Correspondent.

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