Local stocks net 68.8B dirhams weekly
The UAE's stock markets rebounded last week, recording gains of 68.87 billion dirhams, with the Dubai index rising by 2.56% and Abu Dhabi by 1.82%. The main driver behind this performance was purchases by foreign investors and financial institutions, as foreign non-Arab traders in Abu Dhabi registered a net buying of 497.49 million dirhams. Meanwhile, Emirati investors accounted for a significant share of the trading activity, and the Abu Dhabi Market Index climbed to 10,094 points. In Dubai, the market increased by 2.56%, with foreign buying valued at approximately 1.7 billion dirhams, bringing the total trading value to 3.355 billion dirhams.
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