Page 75 - UNION PROPERTIES GENERAL REPORT - April 2024_Neat

4/15/24, 10:44 AM UAE Stock Market Flourishes with Dh6.5 Billion Inflow, IHC and Emaar Lead Gains
underscore the robust nature of the UAE’s financial markets and the diverse

investment opportunities they present.

Leading the charge in the Abu Dhabi market was the International Holding
Company (IHC), which accounted for the lion’s share of trading with

transactions worth about Dh1 billion. Its stock closed at a strong Dh399.6.
Other noteworthy performers included Alpha Dhabi and Multiply Group, with

trading values of Dh464.7 million and Dh280 million, respectively. Presight AI

achieved an impressive weekly rise of 23 percent, closely followed by Hayah
Insurance at 16.2 percent, and Abu Dhabi Takaful by approximately 11 percent.

In the Dubai market, Emaar Properties topped trading activities, attracting
around Dh428 million in liquidity. Union Properties and Emaar Development

also saw substantial trading, with liquidity values of Dh200 million and Dh135

million, respectively. The top gainer in percentage terms was National General
Insurance, which saw an increase of 14.6 percent, followed by Ethmar

International Holding at 7.4 percent, and Union Properties at 6.4 percent.

This week’s trading activities reflect a continued positive momentum in the

UAE’s stock markets, highlighting the region’s economic resilience and growth

potential. Investors showed heightened interest in both the Abu Dhabi and
Dubai markets, with key players like IHC and Emaar Properties leading the way

in drawing significant capital inflows. This robust market performance is a
clear indicator of the UAE’s ongoing appeal as a vibrant and lucrative

investment destination.

Posted on April 8, 2024

https://economictimes.ae/news/uae-stock-market-flourishes-with-dh6-5-billion-inflow-ihc-and-emaar-lead-gains/ 2/2