UAE stocks gain AED2.8 bn

Sentiments improved at UAE stock markets on Tuesday following a selective buying spree targeting leaders, with trading companies gaining AED2.8 billion in market value, as per statistics issued at the close of today's session.

Dubai Financial Market General Index held decent gains for the second straight session, increasing by 0.67 percent to 3,340 points, with the Abu Dhabi Securities Exchange General Index closing at 4501 points, an increase of 0.20 percent over yesterday's session.

The DFM-listed Dubai Islamic Bank increased to AED5.81, with Emaar Malls up to AED2.56 and Damac to AED2.89, while GFH Group was the best performer, jumping to AED2.27, a growth of 4 percent over the last traded prices.

At ADX, Abu Dhabi Commercial Bank led the rise trajectory, closing at AED7.34, with Etisalat edging toward the AED18 mark at AED17.50 In terms of liquidity, a total of 4751 transactions were conducted worth AED352 million over 183 million shares.

Advancing shares outnumbered declining stocks, with 36 companies ending on a high note out of 58, with 8 firms closing down and14 at their last traded prices.