UAE markets in green driven by improved sentiments at realty, banking sectors

WAM
19 Oct 2022, 11:54 GMT+10

ABU DHABI, 18th October, 2022 (WAM) - The UAE Stock markets closed higher on Tuesday, led by gains in heavyweight real estate and banking sectors.

In Abu Dhabi, the FADX 15 , the first co-developed index under ADX's strategic partnership with FTSE Russell, advanced 3.511 % bolstered by the International Holding Co PJSC (ASMAK) surging to AED388.800 following the Abu Dhabi government's decision to transfer the ownership of Etihad Aviation Group - the parent of Etihad Airways - to the holding company.

Following suit, FAB, ADIB, and ADCB closed higher 2.43 %, 1.56 % and 0.89 % respectively.

Likewise, Dubai's main share index (DFMGI) closed 0.98% higher, driven by improved sentiments at the real estate and banking sectors. Dubai Islamic Bank, Emirates NBD, and Emaar Properties all ended the session favourably by 1.5 %, 0.76 % and 0.82 % respectively.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Travel Trade.

More Information

27 ℃

Mostly Cloudy in Seletar

Business

Section

U.S. stocks drop sharply following Chinese protests, Nasdaq sheds 177 points

NEW YORK, New York - Concern about the spreading of Covid-19 across China kept investors on edge Monday, with all ...

UK holds $65 million in alleged criminal bank account

LONDON, England: The UK National Crime Agency has obtained a civil recovery order for some $65 million of suspected criminal ...

Holiday iPhone shipments threatened by unrest at Foxconn plant

TAIPEI, Taiwan: After thousands of employees quit, Foxconn's flagship Zhengzhou iPhone plant in China anticipates a reduction in November shipments, ...