ABU DHABI (ALETIHAD)
The UAE stock markets traded in positive territory on Wednesday after the long Eid Al Adha holiday, taking positive cues from the global economy.
Abu Dhabi Stock Market’s main index, FADGI, ended trading at 8,969.44 points, up 0.499% from the previous business day’s close. Holding companies – IHC, Multiply – and realty giant Aldar, along with Abu Dhabi Islamic Bank, saw a rise in their share prices. Shares of holding company Alphadhabi, Sudanese telecom firm Sudatel, insurance company Union and ship building company ADSB fell in trading.
Dubai Financial Market (DFM) also traded in the green zone with the main index, DFMGI, rising to 3,988.2, up 0.111% from the previous business day’s close. Property giants – Emmar and Emaar Developers – Dubai Islamic Bank and EmiratesNBD shares rose, while the shares of Air Arabia and financial services firm BHM Capital saw a fall in price. A total of 20 share prices were up, 17 companies saw a fall, while four share prices remained unchanged.