WAM
19 Oct 2022, 11:54 GMT+10
ABU DHABI, 18th October, 2022 (WAM) - The UAE Stock markets closed higher on Tuesday, led by gains in heavyweight real estate and banking sectors.
In Abu Dhabi, the FADX 15 , the first co-developed index under ADX's strategic partnership with FTSE Russell, advanced 3.511 % bolstered by the International Holding Co PJSC (ASMAK) surging to AED388.800 following the Abu Dhabi government's decision to transfer the ownership of Etihad Aviation Group - the parent of Etihad Airways - to the holding company.
Following suit, FAB, ADIB, and ADCB closed higher 2.43 %, 1.56 % and 0.89 % respectively.
Likewise, Dubai's main share index (DFMGI) closed 0.98% higher, driven by improved sentiments at the real estate and banking sectors. Dubai Islamic Bank, Emirates NBD, and Emaar Properties all ended the session favourably by 1.5 %, 0.76 % and 0.82 % respectively.
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationDAYTON, Ohio: Under an agreement announced this week, Joby Aviation will produce state-of-the-art electric vertical takeoff and landing (eVTOL) aircraft ...
NEW YORK, New York - U.S. stocks and bonds caught on to a global trend Thursday as sellers took charge ...
CHICAGO, Illinois: The Chicago Symphony Orchestra (CSO) and the Chicago Federation of Musicians announced over the weekend that they agreed ...
ANKARA, Turkey: During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese ...
NEW YORK: This week, the Wall Street Journal (WSJ) reported that U.S. electric vehicle (EV) maker Tesla and Saudi Arabia ...
NEW YORK, New York - Interest rates could stay higher for longer, but there is the possibility of rate cuts ...
Ottawa [Canada], September 22 (ANI): Despite Canadian PM Justin Trudeau failing to provide any evidence to back his allegations on ...
India suspended visa services for Canadian citizens on Thursday and asked Canada to reduce its staffing in India, as tensions ...
New Delhi [India], September 21 (ANI): Amid the ongoing Canada-India diplomatic crisis, the Union government on Thursday, issued an advisory ...
New Delhi [India], September 21 (ANI): Union Information and Broadcasting Minister Anurag Thakur on Thursday congratulated veteran actor and politician ...
New York [US], September 21 (ANI): Media Mogul Rupert Murdoch has announced his retirement from the Fox and News Corporation ...
Mumbai (Maharashtra) [India], September 21 (ANI): Kabaddi player Rohit Kumar said on Wednesday that the Pro Kabaddi League (PKL) has ...