National banks invest $54.4m in stock markets

National banks invest $54.4m in stock markets

National banks invested AED200 million ($54.45 million) in local stock markets in April after stock prices reached attractive levels, an increase of 2.2 percent compared to March.. The investment led to an increase in the prices of many stocks, which positively affected general indexes over the past weeks.. Attractive stock prices encouraged individuals and traders to benefit from resulting opportunities and make profits.. Transactions in financial markets from the beginning of April until the second half of May showed an increase in terms of leading stocks in the Abu Dhabi and Dubai financial markets..