Stock prices in UAE increase during the final sessions of Q2

The UAE stock market ended the last session of the second quarter with an increase. The Dubai market index rose by 0.52% to 4030 points, with trades amounting to 709.81 million dirhams. In Abu Dhabi, the market index also saw a rise of 0.629% to 9,060.73 points, with trades totaling 1.67 billion dirhams.

In the Dubai market, some of the highest increases were seen in companies like Amlak (4.34%), Amanat (3.77%), Spinneys (3.37%), Dubai Commercial (2.64%), and Emirates Reem (2.23%). Conversely, some of the companies with the largest declines included Al-Salam Sudan (9.95%), Empower (4.57%), Dubai Taxi (1.90%), TECOM (1.88%), and Ithmaar (1.70%).

In the Abu Dhabi market, notable increases were seen in companies like Abu Dhabi National Insurance (12.39%), Union Insurance (8.33%), Energy (7.51%), Medical Projects (6.67%), and Food (6.38%). On the other hand, some companies experienced declines, such as Rapco (9.82%), Commercial International (4.76%), ESG (4.76%), Palms (4.4%), and Food (3.64%).

Overall, the stock market in the UAE showed positive growth at the end of the second quarter, with various companies experiencing both increases and decreases in their stock prices.