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ABU DHABI / WAM
UAE stock markets on Monday made decent gains of AED5.5 billion driven by listed property companies and banks, with ADX General Index closing up 1.02 percent to 4326 and DFM General Index growing 0.34 percent against the last session to 3431.
The upward movement of Emaar which jumped 2.8 percent to AED7.76 reflected positively on the market performance which was reinforced as well by the strong performance of Emaar Development which rose to AED5.63 as well the Dubai Islamic Bank which again closed on a high note of AED6.05.
At ADX, Etisalat continued its rising streak and closed at AED16.60 amidst transactions worth AED25 million.
First Abu Dhabi Bank closed high as well at AED10.20, earning the market more gains. In terms of liquidity, a total of 4646 transactions were conducted worth AED500 million over 202 millions shares.
Both markets closed in the green, after 33 companies out of 64 firms closed high, 19 down and 12 at their last traded prices.