UAE stocks surge past 10,000
The UAE markets experienced a strong performance, with both Dubai and Abu Dhabi indices rising supported by gains in leading stocks. The Dubai Market Index increased by 1.59% to reach 5,972.17 points, while the Abu Dhabi Market Index rose by 1.25%, surpassing the 10,000-point mark to reach 10,065.75 points. The gains were primarily driven by a 5.59% rise in Emaar Properties shares and a 1.53% increase in Emaar Dubai Islamic in Dubai, as well as a 6.47% rise in Abu Dhabi Islamic Bank and a 3.33% increase in Aldar Properties in Abu Dhabi. These increases reflect improved performance of the leading stocks in both markets, indicating investor confidence and enhanced financial performance of major companies.
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