ABU DHABI, Dec. 6 (Xinhua) -- The stock market posted strong gains in Abu Dhabi and back in the positive territory in Dubai as well on Sunday, the gulfnews.com website reported here.
The news from the Abu Dhabi Securities Market said at 0121 p.m. local time that general index surges 4.10 percent as traders view the dip in share prices as a buying opportunity, index now at 2,678.39, up 4.10 percent.
All sub-indices are seen gaining, led by energy, telecommunication, consumer, healthcare. construction and real estate stocks.
On the same day, Dubai Financial Market (DFM) index, meanwhile, at 1,837.12, up 0.31 percent from previous close.
Real estate major Emaar's stock in marginal decline, the stock now down 0.30 percent to 3.37 dirham. So far, shares worth nearly 684 billion dirhams have been traded in Dubai. (1 USD = 3.67 Dirhams)
On Sunday, the stock markets in Abu Dhabi and Dubai recovered obviously amid an apparent return of confidence, closing up more than one and almost four percent respectively, after heavy losses over Dubai's debt woes, according to other media reports.
After a four-day break, Dubai's DFM Index, which dropped 12.5 percent in two days of trading last week, closed at 1,853.13 points, 1.18 percent up from its closing on Tuesday, in a session of heavy fluctuations, the report added.
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