Emaar, Amlak and Tamweel report market gains
Leading UAE property firm Emaar recorded gains across UAE financial markets on Sunday, gaining more than 2 percent.
Other leaders in the services sector also rose, with Amlak, du and gained as well over the course of the day, reporting a1.3 per cent and 1 per cent increase, respectively. Shuaa also gained by more than 1 per cent.
Tamweel and Union Properties were also up, both reporting 0.6 per cent gains, according to Khaleej Times.
The Dubai Financial Market index gained 1.1 per cent over the course of the day to close at 441.5 points, while the Abu Dhabi Securities Market finished flat, at 3.540.4 points.
The UAE market traded close to 200 million shares worth Dh1.89 billion, with the Dubai Financial Market traded 165 million shares worth Dh1.6 billion with the services sector accounting for more than 70 per cent of the total market turnover.
In the banking sector, Commercial Bank of Dubai and Dubai Islamic Bank gained 1.4 per cent and 0.4 per cent respectively as National Bank of Dubai closed unchanged at Dh10.55.
A mixed trend was reported on the ADSM for share prices. The National Bank of Abu Dhabi and Union National Bank slipped 0.6 per cent and 0.8 per cent, respectively.