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UAE stock markets gain Dh8.7 billion

Abu Dhabi/Abu Dhabi
Filed on July 22, 2020
UAE, stock markets, high, upbeat sentiments, trades, focused, on, property and banking blue chips, dubai, abu dhabi


Trades focused on property and banking blue chips in Abu Dhabi and Dubai.

Upbeat sentiments drove UAE stock markets high on Tuesday, with trades focused on property and banking blue chips in Abu Dhabi and Dubai whose general indexes closed higher than the last trading session at 4,256 pts and 2,088pts, respectively, after securing gains of around Dh8.7 billion in market cap.

In the capital's bourse, FAB rose to Dh10.66 followed by ADCB at Dh5.14, and TAQA to Dh1.5.

In Dubai Financial Market, the Emirates NBD closed around 5 per cent higher than previous session at Dh9.14. Emaar capitalised on the prevailing positivity and climbed to Dh2.70, followed by Emaar Malls to Dh1.44 and Arabtec to 0.49 fils.

A total of 5,611 transactions were conducted on Tuesday worth Dh348 million over 269 million shares.

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