UAE markets in green driven by improved sentiments at realty, banking sectors

WAM
19 Oct 2022, 07:24 GMT+10

ABU DHABI, 18th October, 2022 (WAM) - The UAE Stock markets closed higher on Tuesday, led by gains in heavyweight real estate and banking sectors.

In Abu Dhabi, the FADX 15 , the first co-developed index under ADX's strategic partnership with FTSE Russell, advanced 3.511 % bolstered by the International Holding Co PJSC (ASMAK) surging to AED388.800 following the Abu Dhabi government's decision to transfer the ownership of Etihad Aviation Group - the parent of Etihad Airways - to the holding company.

Following suit, FAB, ADIB, and ADCB closed higher 2.43 %, 1.56 % and 0.89 % respectively.

Likewise, Dubai's main share index (DFMGI) closed 0.98% higher, driven by improved sentiments at the real estate and banking sectors. Dubai Islamic Bank, Emirates NBD, and Emaar Properties all ended the session favourably by 1.5 %, 0.76 % and 0.82 % respectively.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Barbados Bulletin.

More Information

null in null

World

Section

Western Sydney raid results in seizure of $25 Million in drugs

SYDNEY, NSW, Australia - , Australian Federal Police (AFP) have shut down a secret drug lab in Sydney's west and seized more than 100kg...

India extends warm greetings to Congo on their Independence Day

New Delhi [India], July 1 (ANI): External Affairs Minister S Jaishankar on Monday extended warm wishes to the government and people...

"Will hear from President and his trade team soon when it comes to India": White House spokesperson

By Reena Bhardwaj Washington DC [US], July 1 (ANI): White House Press Secretary Karoline Leavitt on Monday (US local time) confirmed...

Lugansk Peoples Republic liberated: How it happened

Russian troops have gained control over all areas of the region, ending Kievs occupation of the territory Russian forces have taken...

Irans next war with Israel will be final one RT source (EXCLUSIVE)

The anonymous source has claimed that Tehran still possess numerous new generation missiles, against which Israel is defenseless ...

Irans next war with Israel will be final one RT source

The anonymous source has claimed that Tehran still possess numerous new generation missiles, against which Israel is defenseless ...

Caribbean

Section