UAE bourses continue to rally

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UAE main bourses continued to rally Tuesday led by a hike in main lender FAB, which increased 0.37%, and real estate developer Aldar Properties, which closed 0.68% up, in Abu Dhabi, with utility provider Dubai Electricity & Water Authority in Dubai up 3.460% on Monday’s session.

In the capital, FADX 15 increased 0.090% to 10,273.210 pts, with Americana ending the session favourably at AED3.450, 2.370% up, ADQ, under the brand known as Asmak, closing 0.02% higher at AED405.800, and ALPHADHABI up to AED26, or 0.460% higher.

Dubai Financial Market (DFM) followed suit, closing at a two-month high of 3,357.530 pts, led by DEWA, blue chip Emaar, which closed 0.17% up, and SALIK, which ended 0.06% up.