On Wednesday, the UAE stock markets continued their upward trend, with Dubai’s main index reaching a seven-month high, closing 1.518% higher. The capital’s bourse also ended the session 0.389% up, driven by AI firms.
One of the best performers on the Index FADGI was Bayant, an AI-powered geospatial solutions business, which soared 15% up to AED 3.910. Following suit was Presight AI Holding, a unit of Abu Dhabi’s G42 group, which grew 2.760% to AED 3.350. ADCB, a leading bank in the UAE, also had a positive performance, closing 3.630% up at AED 8.860, according to WAM.
Dubai Investment Company was among the best performers at DFM, closing 3.8% up at AED 2.460. Additionally, Ekttitab Holding continued its upward trend, ending the session 3.77% up at AED 0.110. Property giant Emaar also had a positive day, with its stock edging 3.5% higher to AED 5.910, while Emaar Development followed suit and rose 2.31% up to AED 5.76. Overall, the UAE stock markets maintained their positive momentum, driven by the strong performance of AI and other firms.
