WAM
19 Oct 2022, 07:24 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 Auckland Sun 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 Auckland Sun.
More InformationWASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Bulawayo [Zimbabwe], July 2 (ANI): After a majestic century in the first test against Zimbabwe on Tuesday, South Africa batter Lhuan-dre...
Birmingham [UK], July 1 (ANI): The presence of pace spearhead Jasprit Bumrah, the possibility of a two-spinner strategy, and some milestones...
Birmingham [UK], July 1 (ANI): As Team India gears up for the second Test in Birmingham against England, there would be worries about...
Bulawayo [Zimbabwe], July 1 (ANI): South African all-rounder Corbin Bosch on Tuesday became just the fourth from his country and first...
Bulawayo [Zimbabwe], July 1 (ANI): Following his side's win over Zimbabwe in the first Test, South African skipper Keshav Maharaj hailed...
Bulawayo [Zimbabwe], July 1 (ANI): A sensational century from debutant Lhuan-Dre Pretorious and an all-round performance from Corbin...