Abu Dhabi-Mubasher: UAE markets saw a positive performance on Sunday and Monday, the two days before the three-day holiday of the 44th National Day.
UAE market capitalisation rose by AED 1.978 billion ($538 billion) to reach AED 688.80 billion ($190.5 billion) during the two working days of this week, up from AED 697.822 billion ($190 billion) by the end of last week.
Abu Dhabi Securities Exchange (ADX) rose 0.39% or 16.53 points to reach 4,236.39 points, after achieving the highest liquidity since April.
Turnover jumped to OMR AED 2.48 billion after 39.053 million shares were traded.
ADX capitalisation increased AED 1.87 billion to reach AED 406.44 billion from AED 404.57 billion.
The market’s gains were backed by Etisalat stock which rose to AED 16.5 after generating AED 9.56 billion.
Dubai Financial Market (DFM) advanced 0.01% this week, compared to a 2.11% decline last week.
The market saw trading of 345.8 million shares compared to 927 million shares week-on-week.
ADX is still maintaining its level of 4,000 points, said capital market expert Ibrahim Al-Failakawi.
He added that DFM may reach the level of 3,870 points if it did not manage to recover and rise above the 4,500-point level.
