Stocks gain AED3 billion in two sessions

Positive sentiments prevailed today at the country's two main bourses after the improvement recorded across all platforms, with trading companies gaining a total of around AED3 billion on Wednesday and Tuesday sessions.

Continuing the rising streak of yesterday, the blue chips drove the upbeat sentiments across the two markets, with DFM General Index rising 0.66 percent to 3665 points, and ADX General Index following suit, closing 0.07 percent higher at 4499 points.

The property and banking sectors got the lion's share of liquidity, adding to the gains secured by the DFM in particular.

Emaar, for the second straight session, kept its rising streak, edging high to AED8.55, securing AED80 million worth of transactions following the positive statements released by the property giant with regards to the expected dividend yield after its IPO which is projected to offer strong and stable cash flows.

Following suit, Emaar Malls ended on a high note of AED2.36, Union Properties at AED0.918 and Deyaar Property Developers to 53 fils.

At the banking sector, Emirates NBD flew high to AED8.20, followed by Dubai Islamic Bank at AED6.11.

At the capital's bourse, Dana Gas spiked to 76 fils, and First Abu Dhabi Bank to AED10.50, amidst AED27 million worth of deals.

In terms of volume of trade and liquidity, a total of 5124 transactions were conducted worth AED675 million over 407 million shares.

Advancing shares outnumbered losing stocks, with 26 companies closing high, 23 down and 16 at their last traded prices.