UAE: ADX General Index records largest daily rise in five months

UAE: ADX General Index records largest daily rise in five months (Image: Reuters)

Dil Bar Irshad | June 1, 2024 | 03:36 PM IST | UAE, World | Follow on Google News

UAE: ADX General Index records largest daily rise in five months

UAE: ADX General Index records largest daily rise in five months

Dubai [UAE], June 1 (ANI/WAM): UAE financial markets maintained their positive momentum on Friday for the second straight session, as Abu Dhabi’s general index added 1.26 per cent and Dubai’s main share index gained 0.17 per cent.

Local stocks gained over AED24 billion in market cap, with the Abu Dhabi Securities Exchange (ADX) seeing its largest daily rise in five months, closing at 8,862.580 pts.

The Telecommunication Index continued to lead the gains at ADX, rising 3.727 per cent, followed by the Healthcare Index which ended the session 1.424 per cent up.

The Banks and Financial Services Index closed 1.2 per cent higher though FAB, the country’s top lender, lost 1.530 per cent, closing at AED11.6.At DFM, the Financial Index lost 0.454 per cent while the Utilities Index was the best performer, closing 1.212 per cent up. (ANI/WAM)

(Except for the headline, this story has not been edited by VoM News staff and is published from syndicated feed)

Dil Bar Irshad

Dil Bar Irshad is a seasoned journalist, hails from Jammu Kashmir's Doda, covers political, social, business stories, index stories.