Dubai-Mubasher: The UAE stock markets saw a positive performance on Tuesday's early trading, backed by the real estate and banks sectors.
Dubai Financial Market (DFM) increased 0.60% or 19.17 points to reach 3,190.69 points by 10:35am UAE time.
DFMGI saw resistance at 3,200 points and will likely run into profit-taking, global and UAE markets analyst Mesbah Al-Mazrouei told Mubasher.
The real estate sector advanced 1.2% due to a 1.4% rise in Emaar Properties, while the banks sector grew 0.75% after Emirates NBD gained 2.5%.
The telecom sector topped risers with a 1.8% increase.
The market saw trading of 190.4 million shares through 2,300 transactions, with turnover of AED 217.9 million.
Abu Dhabi Securities Exchange (ADX) levelled up 0.19% or 8.5 points to reach 4,305.72 points.
Technical analyst Ahmed Al-Zahouri noted that Abu Dhabi’s market main gauge targets 4,450 points after it broke above the technical level of 4,150 points on Monday.
The investment sector was the best performer after adding 3.7% as Waha Capital climbed 3.8%.
The real estate sector went up 0.48%, followed by the banks sector at 0.34%. Meanwhile, the telecom sector remained unchanged.
Turnover reached AED 67.84 million after trading 76.33 million shares through 613 transactions.
