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ABU DHABI / WAM
The central bank of the UAE has revealed that the gross assets of banks operating in Abu Dhabi and Dubai have risen to around AED2.897 trillion, by the end of April, accounting for 92 percent of total banking assets in the country, which are estimated at AED3.156 trillion.
Dubai banks’ assets amounted to AED1.489.2 trillion, according to the figures, while the capital’s bank assets reached AED1.407.5 trillion during the reference period.
Up to AED259 billion are worth of banking assets in Sharjah, Ras Al Khaimah, Ajman, Fujairah and Umm Al Qaiwain, according to the statistics.
The figures highlighted an increase in the cumulative value of deposits in Abu Dhabi from AED808.1 billion in March to AED837.5 billion in April. In Dubai, it declined to AED869.8 billion from AED874.9 billion in March.
Gross credit figures in Dubai increased to AED885.6 billion in April from AED880.5 billion in March. In Abu Dhabi, gross credit climbed to AED726.3 billion from AED724.3 billion in the reference period.
Total investments by banks in Dubai reached AED150.4 billion in April, compared to AED142.8 billion in March. In Abu Dhabi, investments amounted to AED215.4 billion from AED208.1 billion in the same period.
ADX-listed firms gain AED3.3bn in Sunday’s trades
ABU DHABI / WAM
Abu Dhabi Securities Exchange (ADX) – listed firms gained AED3.3 billion in the first session of the week, capitalising on selective buys of blue chips which drove ADX’s general index to 4141 pts, up 0.54 percent from the last trading session.
Etisalat was the best performer after rebounding in the session’s latter half to AED15.72. FAB continued its upward streak and closed at AED11.14.
Adnoc Distribution posted significant improvement and closed 3.7 percent higher than the last session at AED2.90. Aldar Properties likewise closed high at AED1.74, while ADQ ended the session at AED28.
A total of 1,696 transactions were conducted Sunday worth AED74 million over about 33 million shares.