Emaar trades surge as realty pushes UAE bourses' gains to $2.34bn
Emaar continued its upward streak to AED2.96, Union Properties rose to 32fils, and Deyaar Development traded at 31 fils
Realty stocks and top bank stocks drove positivity into the UAE's two main bourses at the start of the week, earning trading companies approximately $2.34bn (AED8.6bn) in market cap, amid aggregate liquidity of $239.6m (AED880m) through the flows of international and local firms.
The DFM grew remarkably during Monday's trading to grow 2.03% and crossed the 3,000 mark, according to state-run news agency, Wam.
In Abu Dhabi, the main index - Abu Dhabi Services Exchange (ADX) - closed 0.59% higher than the last trading session at 4,569 points.
The First Abu Dhabi Bank (FAB) closed at AED11.50; the Abu Dhabi Commercial Bank PJSC (ADCB) closed at AED5.87; and ADNIC jumped to AED4.00 for the first time in a long time on Monday.
In the DFM, Emirates NDP witnessed trades worth approximately $39.2m (AED144m), sending it high to AED11.30.
A total of 10,517 deals worth $239.6m (AED880m) were conducted over 570 million shares.