Shuaa and Baladco Rise in UAE Stocks
The UAE stock market experienced mixed performance in the first session of the week. The Dubai Market Index increased by 0.79% to reach 5,931.29 points, while the Abu Dhabi Market Index slightly decreased by 0.016% to 9,975.72 points. Leading stocks supported the market, boosted by gains in shares such as Emaar Properties and Emirates NBD. Meanwhile, smaller stocks saw significant rises, with Shuaa Capital soaring by 12.2%, marking its highest level in nearly three years, and Baladna jumping by 14.7% to 2.65 AED. Total trading volume amounted to 1.7 billion dirhams, with approximately one billion shares traded across 39,485 transactions, reflecting diverse investor sentiments toward different stocks.
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