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Real estate and banking blue chips accounted for the largest share of more than 14,700 transactions, valued at around AED 1.67 billion for more than 353.7 million shares.
UAE financial markets on Friday reported an increase in market value of around AED 8.3 billion, driven by optimism in the real estate, banking and telecom sectors and cash inflows from institutions and individuals alike.
Real estate and banking blue chips accounted for the largest share of more than 14,700 transactions, valued at around AED 1.67 billion for more than 353.7 million shares.
The Dubai Composite Index (DFMGI) rose 0.007% to 3,462.890 as blue-chip developer Emaar Properties continued to gain, closing as high as AED6.100 after attracting AED155.9 million in cash flow.
Among other stocks, Emirates NBD, Dubai Islamic Bank and TECOM rose 1.84%, 0.84% ​​and 0.41% respectively.
Abu Dhabi Index (FTFADGI) rose 0.133% to 10,035.060, Consolidated International Holdings (IHC.AD), trading at ASMAK, closed slightly lower after liquidity of AED 312 million and NBAD edged up to AED 20.200 to AED 341.00.
Among other stocks, Abu Dhabi Islamic Bank rose 1.32% to 9.200 dirhams and ADNOC Distribution rose to 4.690 dirhams. — Wamm
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