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Stock Markets Tranquil Waiting For Leaders To Reveal H1 Financial Statements


The UAE stock markets exhibited signs of stability at the end of the week's last day of transactions, with large segments of traders still waiting for real estate giants to disclose their H1 financial results.

Continuing its outperformance, Emaar was back to soar high at AED8.42 in a new spike reflecting the leading company's ability to break new highs over the coming period.

In the meantime, Dubai Financial Market General Index rose 0.12 percent to 3647 points, with the market recovering a chunk of liquidity by a number of dual-listed stocks, with GFH rising to AED2.01, Alsalam Bank-Sudan to AED1.84, Alsalam Holding to 82 fils and Heights Telecom to 58 fils. In the meantime, Abu Dhabi Securities Exchange General Index edged slightly down 0.12 percent to 4550, with ADCB's being the best performer rising to AED7.45, amidst AED16 million worth of transactions.

In terms of cash flows, a total of 2590 deals were done worth AED215 million over 155 million shares. A total of 64 companies traded today, 24 of which closed high.

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