The benchmark indices for Abu Dhabi and Dubai kept climbing thanks to the US Federal Reserve’s recent assurance of major inflation decreases. Gains in stocks from the banking, utility, and industrial sectors helped Abu Dhabi’s indexes close in the green as risk appetite rose as a result of the chairman of the U.S. Federal Reserve’s supportive comments, according to WAM.
Emaar, a blue-chip property company, ended the day 1.980% higher than when it began at AED 5.66 as the Dubai Main Index increased for the sixth session in a row. Following a 5.260% increase to AED 2.400, Tecom Group took the top spot in Dubai’s gains. The country’s primary lender, FAB, increased to AED 14.380 in the capital, gaining 1.130%.
