UAE stocks gain Dhs4 billion in market cap

UAE financial markets on Monday posted gains of around Dhs4 billion in market cap driven by upbeat sentiments and positive financial statements released by listed firms.

For the second day straight, Abu Dhabi’s main stocks index continued to rise, edging up 0.27 pct to 4, 545 points, with DFM's General Index following suit, and closing 0.11 higher than last session at 2,237 points.

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In Dubai Financial Market, Union Properties PJSC was among the best performers amid intensive trades worth over Dhs63 million, which sent its share up 10.6 pct to 31 fils. Aramex rose to Dhs4.40 and Deyaar Development PJSC to 29 fils.

In the Abu Dhabi Securities Exchange, ADQ significantly increased to Dhs39, amid Dhs162 million of transactions. Aldar Properties PJSC likewise ended high at Dhs2.07 and ADCB to Dhs5.83

A total of 6300 deals were conducted worth around Dhs740 million over 516 million shares in both bourses.