Dubai-Mubasher: The UAE markets opened higher on Sunday, helped by blue chips specially those in the real estate sector.
Dubai Financial Market (DFM) gained 1.5% or 45.62 points to reach 3,027.10 points.
Abu Dhabi Securities Exchange (ADX) added 0.51% or 19.49 points to reach 4,091.29 points.
In Dubai bourse, the investment sector grew 2.6%, followed by the real estate and banks sectors at 2.36% and 0.28%, respectively.
Amlak Finance was the best performer after rising 4.2%. Drake and Scull International (DSI) came in second as it increased 3.5%, followed by Dubai Islamic Bank (DIB), Emaar Properties and Emaar Malls which went up 3.11%, 2.45% and 1.6%, respectively.
The market saw trading of 91.57 million shares through 692 transactions, with trading value of AED 75.28 million.
In Abu Dhabi market, the real estate sector advanced 2.9%, followed by the banks sector at 0.11%. Meanwhile, the telecom sector retreated 0.16%.
RAK Ceramics led risers after increasing 9.9%, followed by Aldar Properties which rose 2.6%. Also, Eshraq Properties, Union National Bank (UNB) and Abu Dhabi Commercial Bank (ADCB) went up 1.6%, 1.5% and 0.8%, respectively.
Turnover reached AED 77.18 million after trading 94.87 million shares through 713 transactions.
