On Thursday, the financial markets of Dubai and Abu Dhabi ended the day in positive territory, fueled by strong showings in banking, utilities, and industrial sectors. Investors’ optimistic outlook also contributed to the gains, as the listed companies reported impressive dividends for the year 2022.
Dubai’s benchmark index, the DFMGI, experienced the biggest rise, closing up 0.518%, reaching a two-month high. Meanwhile, the ADX index in Abu Dhabi finished the day 0.142% higher. Leading the gains in Dubai was the Commercial Bank of Dubai, which saw an 8.080% increase and closed at AED 5.350. In the capital city, the First Abu Dhabi Bank (FAB) saw a modest 0.140% rise to reach AED 13.820. Abu Dhabi Commercial Bank (ADCB) also had a good day, closing 0.120% higher at AED 8.7. One of the top performers was the National Marine Dredging Company, closing the day 3.030% up at AED 32.00, according to WAM.
