UAE shares up driven by high investors’ sentiments


Dubai’s benchmark index (DFMGI) and Abu Dhabi’s FTSE ADX index ended in green Thursday, underpinned by gains in banking, utilities and industry sectors stocks as well high investors’ optimistic sentiments as the listed companies revealed high dividends for 2022.

ADX closed 0.142 percent higher and was second to the Dubai index which rose 0.518 percent up, a two-month high.

The Commercial bank of Dubai led the gains in Dubai after a 8.080 percent hike to close at AED5.350.

In the capital, FAB, the country’s main lender, edged 0.140 percent higher to AED13.820. ADCB likewise fared well, rising 0.120 percent up to close in green at AED8.7.

The National Marine Dredging Company continued to be among the best performers, closing 3.030 percent up at AED32.00.