Economy Local October 30, 2024

Emirati Stocks Gain New Heights

The Emirati stock market added new gains yesterday, showcasing continued growth and investment opportunities for traders and investors in the region.


Emirati Stocks Gain New Heights

The stocks on the OAE exchange continue to demonstrate growth. The secondary stock index in Dubai rose by 0.9%, reaching a point of 3771.43. At the Abu Dhabi Securities Exchange, the general index also increased by 0.7%, closing at 6616.28 points.

As reported, this positive trend has been followed by increased demand for the stocks of large companies in various sectors. As experts note, investors show increased interest in acquiring securities of companies with a good business reputation.

"We see a confident growth in the bond markets of OAE. Investors maintain a very positive attitude, which contributes to the further strengthening of financial indicators of companies," noted the financial analyst.