The stock indices of the United Arab Emirates showed a notable rise in the first trading session of the week following the Eid al-Adha holiday.

The Dubai Financial Market Index reached its highest level since June 2008, closing up by 1% at 5593 points, briefly surpassing the 5600-point mark during the session.

The total trading volume for the market was approximately 1 billion dirhams, with the majority of the sectors performing positively.

Real estate stocks stood out, buoyed by the notable gains in Union Properties, Deyaar Development, and Emirates REIT, as most sectors exhibited favorable performance.

Deyaar Development's stock closed at the maximum increase, reaching 1.06 dirhams, marking its highest close since August 2015, with trades exceeding 151 million shares.

Similarly, Union Properties' stock also reached a maximum increase to close at 0.664 dirhams, achieving its highest close since October 2018, with approximately 103 million shares traded.

Among the most profitable stocks on the Dubai Financial Market were Al-Mal Capital, increasing by 10%, followed by Emirates REIT at 9.4%, then Amlak Finance at 0.5%, and the Islamic insurance company Salama at 7.3%.

Additionally, the stock of Salik rose by 2.3%, while Shuaa Capital saw an increase of 5.4%.

On the downside, the biggest losers in the Dubai Financial Market included Al Mazaya Holding, which fell by 8.8%, followed by Emirates Islamic Bank at a decline of 5.6%, and Amlak at 4.2%.

Other declining stocks included National Industries at 2% and Dubai Commercial Bank, which decreased by 1.8%.

The most traded stock was Drake & Scull, which saw an increase of 4.6%, closing at 0.319 dirhams with total trades exceeding 174 million shares.

In Abu Dhabi, the market index increased by 0.13%, reaching 9748.13 points, marking a third consecutive session of gains.

This rise was supported by Aldar Properties, which saw a 1.6% increase, and the Abu Dhabi National Energy Company (TAQA), which rose by 1.8%.

The leading gainers in the Abu Dhabi market included I7, which surged by 14.9%, followed by Al Wathba Insurance at 13.9%, Takaful at 13.6%, Fujairah Cement at 8.06%, and Agthia Group at 6.9%.

Dana Gas ended its trading up by 4.8%, while Multiplay rose by 0.9%, with ADNOC Gas seeing a slight increase of 0.3%.

On the other hand, Gulf Medical Projects was among the lagging stocks, declining by 6%, followed by Investcorp at 2.9%, and Fujairah National Bank at 2.6%.

Meanwhile, the National Corporation for Tourism and Hotels and Emirates Steel also recorded decreases of 2.3% and 2.2%, respectively, while Lulu Group fell by 0.8%.

The local financial markets successfully enhanced their liquidity, achieving a total trading volume of around 2.2 billion dirhams through approximately 46,500 transactions.

The Dubai Financial Market generated liquidity of 1.01 billion dirhams across nearly 20,700 transactions, whereas the Abu Dhabi Financial Market exceeded 1.34 billion dirhams with 25,800 transactions.