UAE stock indices experienced an upswing at the close of trading on Tuesday. The Abu Dhabi Index rose by 0.58%, reaching 9 290 points with trading volumes amounting to 1.17 billion dirhams. Meanwhile, the Dubai Index increased by 0.43%, hitting 5 078 points amidst trading of 520.3 million dirhams.

The growth in the Dubai Index was bolstered by significant rises in various stocks. Emaar Properties saw an increase of 2.05%, while Dubai Electricity and Water Authority (DEWA) gained 1.57%. Additionally, Dubai Islamic Bank rose by 0.13%, and Shuaa Capital surged by 8.89%. Other notable movements included a 0.76% increase for both Union Properties and Tabreed, and a 3.88% rise for Drake & Scull. In contrast, Emirates NBD experienced a decline of 1.49%.

In Abu Dhabi, the index’s rise was supported by gains in several key stocks. International Holding Company increased by 0.02%, while ADNOC Gas surged by 3.31%. Aldar Properties also reported a 2.55% rise, and Alpha Dhabi saw a growth of 1.09%. Furthermore, Ishraq and Manazel recorded increases of 8.56% and 4.54%, respectively. However, Borouge saw a decline of 0.75%, and Multiply remained stable at 1.70 dirhams.