Monday 7 November 2022 – 17:02
ABU DHABI, November 7 / WAM / Local equity markets consolidated their gains at close of trading today and its market capitalization reached nearly 40 billion Dh, while the Abu Dhabi market rose to the highest level of the its history amidst strong business with dominant sentimental optimism with the support of listed companies and banks reporting strong quarterly earnings.
The market capital of the listed shares has gone from 3,099 trillion dirhams at the end of last Friday’s session to 3,139 trillion dirhams at the end of today’s session, distributed from 2,562 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 577, 4 billion dirhams for shares listed on the Dubai financial market.
Local shares attracted more than AED 2.03 billion of cash, distributed as AED 1.59 billion in the Abu Dhabi market and AED 436.5 million in the Dubai market, and 587.8 million shares. were exchanged through the implementation of over 24,2 thousand transactions.
The Abu Dhabi Market Index “FADEX 15” rose 1.14% to close at 10574.93 points, while the FTSE Abu Dhabi General Market “Fadji” Index rose 1.18% to close at 10606.7 points, to record the two indices at the highest level in their history.
The performance of the Abu Dhabi market was strengthened by the increase of stocks such as “Abu Dhabi Commercial” by 3.63%, “Multiplay” by 2.95%, “Abu Dhabi Islamic” by 2.81%, “A &” by 2.48%, “ADNOC Drilling” by 1.5% and “Al Dar” by 1.41%. “International Holding” outperformed the business, attracting more than AED 262.1 million in cash, followed by “Alpha Abu Dhabi” with AED 199.02 million.
In the Dubai financial market, the broad index rose 0.84%, or 28.44 points, to close at 3,378.91 points, supported by the real estate sector index rise of 1.93%, of the investments of 3.05% and transport of 1.09%.
The Dubai market is supported by an increase in real estate shares led by “Emaar Properties” by 2.29% and “Emaar Development” by 0.22%, and the “Emirates NBD” share increased by 0.38%, ” Dubai Financial Market “by 3.31%,” Dubai Investments “3.11% and” du “” 2.45% and “Dewa” 0.4%, while in the transport sector “Air Arabia” grew by 1 , 46% and “Aramex” of 1.12%.
Zakaria Mohieldin / Ramy Sameeh
