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ABU DHABI / WAM
Companies trading on the UAE two main bourses gained AED5.5 billion in market cap at the end of Sunday session, driven by selective purchases that targeted blue chips on the real estate and banking sectors.
Starting the week in the green, the General Index of the Dubai Financial Market moved up 0.97 percent to 3188 points, with the Abu Dhabi Securities Exchange following suit to 4533 points, 0.14 up against the Thursday session.
According to brokers and analysts surveyed by WAM, most of the transactions have been conducted on the realty and banking sectors in addition to some Takaful insurance companies. More liquidity is yet still needed to ensure more momentum on the market, according to industry analysts.