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UAE stocks witnessed a recovery on Thursday, partially regaining some of the losses experienced in a volatile session. Leading companies were able to rise, particularly in sectors like real estate, financial services, energy, and technology. The Dubai market index climbed by 0.2% to reach 3980 points, while the Abu Dhabi market index saw a 0.5% increase to 8978.83 points.
In Dubai, companies like Emaar Properties, Emirates NBD, Drake, and Dubai Islamic saw positive movements in their share prices. Abu Dhabi experienced concentration in liquidity towards companies like International Holding, ADNOC Gas, Alpha Dhabi, Alef Education, and PureHealth, all closing with gains.
The total liquidity traded was 1.2 billion dirhams, with a significant portion in Abu Dhabi compared to Dubai. The markets witnessed a mix of companies seeing increases and decreases in share prices as well as active trading volumes.
Specific sectors like financial, industrial, energy, and healthcare in the Abu Dhabi market contributed to the rise in its index. Companies in these sectors showed both positive and negative movements in their share prices.
Similarly, the Dubai market saw sectoral increases in real estate and industrial stocks but decreases in finance and utilities. Companies like Air Arabia, Gulf Navigation, and Parkin showed positive movements while others experienced declines. The liquidity in both markets was led by prominent companies trading their shares.
People of various nationalities showed different investment patterns, with some inclined towards buying shares while others tended towards liquidation. Foreign and Gulf investors were active in buying shares in Dubai, while Arab investors and citizens leaned towards liquidation. Investment portfolios recorded a net investment from sales, indicating ongoing activity in the markets.