A growing sense of optimism over the recovery of the UAE's property and banking sectors helped markets rise yesterday, although thin volumes showed a lack of conviction behind the gains.
That led some to wonder whether the trading volume drought experienced last summer had returned already. The Abu Dhabi Securities Exchange General Index rose 0.36 per cent to 2,607.53, while the Dubai Financial Market General Index rallied 0.72 per cent to 1,545.42.
Some of the day's winners were Emaar Properties, which rose 1.96 per cent to D3.12 a share, and Arabtec, which rallied 3.15 per cent to Dh1.31.
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