For the second straight session, UAE financial markets were upbeat on Friday, with Abu Dhabi’s general index rising 1.26 percent and Dubai’s main share index rising 0.17 percent.
After rising 3.727 percent, the Telecommunication Index led the gains at ADX once again. At the end of the session, the Healthcare Index gained 1.424 percent. Although FAB, the largest lender in the nation, lost 1.530 percent and ended the day at Dh11.6, the Banks and Financial Services Index ended the day 1.2% up. Abu Dhabi’s general index increased 1.26 percent, and Dubai’s main share index gained 0.17 percent on Friday, continuing the positive trend in the UAE financial markets for the second straight session.
At the end of the session, the healthcare index gained 1.424 percent. Although FAB, the largest lender in the nation, lost 1.530 percent and ended the day at Dh11.6, the Banks and Financial Services Index ended the day 1.2% up.
The market capitalization of local stocks increased by more than Dh24 billion, and the Abu Dhabi Securities Exchange (ADX) closed at 8,862.580 points, marking the largest daily increase in the previous five months.
The Telecommunications Index once again led the gains at ADX. The Healthcare Index finished the session with a gain of 1.424 percent. At DFM, the Utilities Index closed 1.212 percent higher, showing strong performance, while the Financial Index lost 0.454 percent.
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