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Abu Dhabi / WAM
The UAE equity markets booked decent gains at the close of Tuesday’s session driven by selective purchases targeting banking and property shares and low price stocks below one dirham.
The Dubai Financial Market General Index grew 0.64 percent to reach 3439 points, with Abu Dhabi Securities Exchange General Index closing 0.24% higher than Monday, at 4,408 points. While the general mood is positive with noticeable improvement across the board, analysts affirm that the market is still in need for a momentum to drive shares up to new levels, expressing conviction that coming disclosure of the Q2 financial results, expected to roll out over the coming few days, will revitalise the market.