UAE stocks recorded strong cash flows

UAE stocks recorded strong cash flows

Strong cash flows were generated by UAE blue-chip stocks on Tuesday as ADQ, under the brand known as Asmak, continued to rise and reached AED343.3 after more than AED300 million worth of transactions. FAB gained liquidity by AED173.7 million, closing at AED19.740, while ALPHADABI drew AED102.9 million, ending at AED24.040. Emaar Properties recorded the most trading at the Dubai Stock Exchange, totaling AED82.2 million. The FADX 15, the first co-developed index under ADX's strategic partnership with FTSE Russel, closed at 10,019.050 points, while DFM declined by 0.452 percent to 3,392.690. ADNOC Distribution, which is listed on the ADX, was one of the day's top gainers, closing 1.09 percent higher at AED4.620, followed by ADNOC Drilling which closed 0.28 percent up at AED3.620. In Dubai, DIC, TECOM, and Aramex ended higher at 2.24 percent, 0.42 percent, and 0.76 percent respectively. BKM/ Expat Media

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