Dubai, UAE – UAE stocks opened trading on Monday with strong gains. Amid a noticeable buying wave and growing optimism about the possibility of reaching a peace agreement in the Middle East. This boosted risk appetite and pushed blue-chip stocks higher from the first moments of the session.
The Dubai market index rose by more than 2% to 5,810 points. While the Abu Dhabi Securities Exchange index rose by about 1% to 9,755 points.
In Dubai, Emaar Properties shares rose 3.6% to AED 11.9, Emirates NBD 2.4% to AED 28.28, Alec Holding 7.4% to AED 1.45, and Air Arabia 3.9% to AED 5.04. While Talabat shares jumped 9.6% to 1.07 dirhams and Emaar Development 4.6% to 14.5 dirhams.
In the capital market, Aldar Properties shares rose 2.96% to AED 8 and Abu Dhabi Commercial Bank rose 2.8% to AED 13.8. Abu Dhabi Islamic 4.3% to AED 20.36, ADNOC Drilling 1% to AED 6.02, and ADNOC Gas 1.6% to AED 3.39. Abu Dhabi First 1.65% to 17.2 dirhams.
