Dubai, UAE – UAE stocks turned into a circle of gains on Wednesday, supported by purchases on leading stocks that had come under pressure during the past sessions. While caution remained dominant in investor transactions, in light of the continuing geopolitical tensions in the region.
The Dubai Financial Market index rose by 0.7% to 5,934 points. While the Abu Dhabi Securities Market index rose by 0.4% to 9,891 points.
In the Dubai market, leading stocks led the rises, with Emaar Properties shares increasing by 1% to AED 11.62. Emirates NBD rose 0.3% to 29.94 dirhams, and Dewa rose 0.73% to 2.73 dirhams. Requests increased by 2.5% to 1.21 dirhams, while Emaar Development increased by 0.7% to 13.66 dirhams.
In the Abu Dhabi market, First Abu Dhabi Bank shares rose by 1.5% to 18.14 dirhams. Aldar Properties rose 0.7% to 7.83 dirhams, and Alpha Dhabi 0.13% to 7.86 dirhams. ADNOC Supply and Services shares also increased by 0.8% to AED 6.18.
