Thu 25-08-2022 22:33 PM
ABU DHABI, 25 August 2022 (WAM) — The UAE’s stock market is among blue-chip real estate and banking stocks as more than 18,000 transactions valued at around AED 1.87 billion, topping 392 million shares, have increased. Pulled back, it closed higher on Thursday.
The Dubai Composite Index (DFMGI) rose 1.19% to gain 3,462.659 points following a definitive agreement to sell the entire share capital of online fashion retailer Namshi’s Emaar Malls at midday for a total cash consideration of AED1.23. , Top Developer Emaar Properties Up 4%. Billion Among other stocks, Dubai Islamic Bank, Dubai Investment Company and Dubai Financial Market rose 0.51%, 0.82% and 0.55% respectively.
Abu Dhabi Index (FTFADGI) rose 0.2% to 10,021.749 points, while conglomerate International Holding Company (IHC.AD) traded as ASMAK, high at AED341.600 and NBAD closed at AED19.920 .
Among other stocks, Abu Dhabi Commercial Bank (ADCB) and ADNOC Drilling rose 0.33% to AED9.230 and 0.28% to AED3.640 respectively.
Wam/Hatem Mohamed/Tariq Alfaham
