UAE stock markets have benefited from improved investor sentiments today as fears of a global banking collapse have subsided, while rising energy prices have also lifted morale, with the Dubai Financial Market hitting a 6-month high.
In the UAE capital, Index FADGI closed 0.367 % higher at 9457.16 pts driven by robust trading over property and energy giants, like Aldar, which closed 3.350% up at AED4.630 and ADNOCGAS which hiked 3.00 % to AED3.050.
Other gainers in Abu Dhabi included ADCB, which closed favourably at AED8.590; Bank of Sharjah, AED0.377; and Abu Dhabi Islamic Bank, up 2% to AED9.7.
In Dubai, Dubai Islamic Bank, Emaar, and EmiratesNBD were among the best performers, closing high at AED5.350, AED5.650, and AED13.00 respectively, driving the DFM main index to a six-month high of 3384.41 pts, 1.744 % up.
News Source: Emirates News Agency