Dubai, Abu Dhabi indexes gain AED 22 billion during first week of Ramadan

Abu Dhabi and Dubai's twin bourses rallied for the second consecutive session as investor sentiments continued to improve, driven by an optimistic economic outlook.

The two markets gained a combined AED 22 billion during the first week of Ramadan, with Abu Dhabi Securities Exchange (ADX) breaking the 10,000 pts barrier for the first time amidst increased demand for IHC's Apex National Investment which drew AED 10.1 billion in transactions.

Dubai's main share index followed suit, advancing 0.74 pct to 3541.6 pts following 5,251 transactions worth AED 520.5 million.