By: Mahmoud Gamal
Dubai – Mubasher: A group of 10 stocks listed on Dubai and Abu Dhabi markets have added a total of $2.4 billion (AED 8.8 billion) to their market capitalisation in three successive sessions, amid high demand for blue chips.
UAE markets did not see any change during the last three sessions, senior financial analyst at Mena Corp Issam Kassabieh.
Investors and portfolios began to hunt blue chips whose prices reached attractive levels, especially Dubai Islamic Bank (DIB) and Emaar Properties, in order to reap expected profits following the disclosure of the first quarter’s results, Kassabieh added.
On top of the ten gainers in these three sessions came Abu Dhabi Commercial Bank (ADCB), adding AED 2.9 to its market capital, Mubasher’s data showed.
Emaar Properties and DIB ranked second and third, as their market capital went up AED 2.7 billion and AED 1 billion, respectively in a three-day period.
Arabtec holding bottomed the list after its market capitalisation rose AED 300,000.
Translated by: Muhammad Khalid
