The Abu Dhabi Securities Exchange (ADX) general index, however, continued to fall, ending the day with a 0.17 per cent decline to reach 4,984.27.
In Dubai, Emaar topped the market in terms of value traded, as the real estate developer surpassed
Other powerhouses in Dubai were also in the green as
"I think investors have been trying to remain cautious since the market crash in June, so we are not seeing a lot of aggressive trade. There is also less liquidity in the market because people are waiting to see positive financial results rather than rely on rumours in the market," he said.
He expected the DFM index to end the week with slight gains.
Discussing ADX, Al Hammadi was more apprehensive, saying that the market is experiencing a period of very low volumes.
"I think the best thing for ADX now would be to have a merge with the DFM, because [ADX] is stale, and some of the listed companies end the day without even being traded," he said.
Of the 30 stocks traded on DFM, 19 went up, eight went down, and three remained unchanged. Of the 31 stocks traded on ADX, 15 advanced, nine declined, and seven remained flat.
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