UAE shares continue their upward streak

Wed 08-02-2023 23:00 PM

ABU DHABI, 8th February, 2023 (WAM) — Abu Dhabi and Dubai’s benchmark indexes continued their upward streaks, capitalising on US Fed’s recent assurance of significant declines in inflation.

Abu Dhabi’s indexes ended in green, underpinned by gains in banking, utilities and industry sectors stocks as risk appetite increased as a result of positive remarks by the U.S. Federal Reserve chairman.

Dubai main index continued to increase for the fifth session straight, with blue-chip properties Emaar ending the session 1.980% up at AED5.66

Tecom Group led the gains in Dubai after a 5.260% rise to AED2.400.

In the capital, FAB, the country’s main lender, edged 1.130% percent higher to AED14.380.

Hatem Mohamed

Stay connected with us on social media platform for instant update click here to join our T witter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest World News Click Here

Read original article here

Denial of responsibility! Rapidtelecast.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.