The UAE equity markets on Sunday continued their bullish trend from last week, with the positive mood prevailing over all sectors led by the property market which posted robust growth in the run-up towards the announcement of the H1 financial results.
With the market capitalisation of trading companies gaining Dh4.1 billion, Sunday’s session saw Damac outperforming with Dh45 million worth of transactions, increasing by around 6.5 per cent to close at Dh4.27.
Emaar beefed up the trend, approaching to break the Dh8 mark and closing at Dh7.97 following a normal profit booking streak. Other property companies capitalised on the upbeat sentiments, including Union Properties which closed high at Dh0.963 and Diar which ended at 53 fils.
At Abu Dhabi Securities Exchange, Eshraq Properties rose to 96 fils.
The Dubai Financial Market General Index grew by 1.01 per cent to 3,573 points, with ADX rising to 4,524, closing higher by 0.13 per cent as compared to Thursday’s session.