Dubai-Mubasher: The UAE markets opened in the green on Thursday amid the rise of leading stocks in the real estate and banks sectors.
Dubai Financial Market (DFM) opened at a rise on Thursday, gaining 2.57% or 76.45 points to reach 3,052 points.
Abu Dhabi Securities Exchange (ADX) saw a positive performance in Thursday’s early trades, rising 1.2% or 49.62 points to reach 4,104.2 points.
The oil price rise will positively affect the GGC stock markets, especially the UAE equities on Thursday, analysts told Mubasher.
In DFM, the consumer staples sector rose 3.54%, followed by the telecom, real estate, telecom and banks sectors at 3.42%, 3.3%, 2.42% and 1.73%, respectively.
Emaar Properties was the best performer after increasing 3.93%, while Dubai Islamic Bank, Dubai Investments and Arabtec Holding grew 2.56%, 2.3% and 1.72% in a row.
Trading volume reached 127 million shares exchanged through 1,800 transactions, generating AED 176.88 million.
As for ADX, the energy sector advanced 5.17%, followed by the real estate and banks sectors at 2.33% and 1.7%, respectively.
TAQA topped gainers after jumping 7.14%, followed by Dana Gas, First Gulf Bank and Aldar Properties at 3.54% and 2.62% in a row.
The market saw trading of 53 million shares through 421 transactions, with turnover reaching AED 54 million.
