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UAE bourses on positive territory, driven by stimulus packages

The UAE’s major bourses recorded follow on gains on Tuesday as investors cheered the government’s recently announced incentives and stimulus packages to boost the local economy. (AFP)
The UAE’s major bourses recorded follow on gains on Tuesday as investors cheered the government’s recently announced incentives and stimulus packages to boost the local economy. (AFP)
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07 Apr 2020 08:04:21 GMT9
07 Apr 2020 08:04:21 GMT9

Arab News

DUBAI: The UAE’s major bourses recorded follow on gains on Tuesday, taking a lead from the previous day’s venture into positive territory as investors cheered the government’s recently announced incentives and stimulus packages to boost the local economy.

The Dubai Financial Market General Index was up 3.95 percent to 1,758.53 while the Abu Dhabi Securities Index gained 4.23 percent to 3,880.41 during late morning trade. The Dubai bellwether inched up 0.57 percent while the Abu Dhabi index climbed 1.28 percent on Monday.

Around 36.44 million shares have been traded at the Abu Dhai bourse so far, valued at Dh61.252 million, while turnover in Dubai was at 215.927 million shares, worth Dh173.334 million.

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