The UAE stock markets witnessed a noticeable acceleration in the pace of gains during the second half of trading on Tuesday, supported by strong performance in real estate stocks and some banking shares.
The Dubai index rose by 2.7% to reach 5,433.41 points, while the Abu Dhabi index recorded a modest increase of 0.3%, closing at 9,490.47 points. In the Dubai market, Emaar Properties dominated trading with a value of AED 600.5 million, jumping 7.5% to reach AED 11.45 per share.
Other stocks also performed positively, including Emaar Development, which rose 6% to AED 13.4, and Emirates NBD Bank, which gained 2.6% to AED 27.2. Dubai Islamic Bank grew by 3% to AED 7.39, while Du shares increased 3.3% to AED 10.05, and Air Arabia rose 3.7%.
