Home » Business » Liquidity in Local Stocks: Gains and Losses in the Banking and Real Estate Sectors

Liquidity in Local Stocks: Gains and Losses in the Banking and Real Estate Sectors

Local stocks attracted more than 3.6 billion dirhams of liquidity during the Monday and Tuesday sessions, most of which concentrated on major stocks in the banking and real estate sectors.

The liquidity was distributed by 1.77 billion dirhams, recorded by local stocks in the Tuesday session, distributed by 1.239 billion dirhams for the Abu Dhabi Stock Exchange, 539.19 million dirhams in the Dubai Financial Market, and 1.83 billion dirhams at the close of trading the day before yesterday, distributed by 1. 52 billion dirhams for the Abu Dhabi Stock Exchange, and 301.2 million dirhams for the Dubai Financial Market.

And the Dubai Financial Market closed at the end of yesterday’s trading, down by 0.18% at the level of 4051.19 points, with the decline of shares of 20 companies out of 38 companies whose shares were traded, while the shares of 11 companies rose, and the shares of seven companies remained unchanged.

The share of “SHUAA Capital” decreased by 7.4%, at a price of 0.4 dirhams, with transactions of approximately 49.16 million dirhams, after confirming that it had not received any official communications regarding the sale of the partners’ shares. Mashreq Bank’s share declined by 5.8%, at a price of 145 dirhams.

“Salama” share declined by 3.07%, at a price of 0.727 dirhams, in transactions of about 867.14 thousand dirhams, and the share of “Union Properties” company decreased by 2.3%, at a price of 0.386 dirhams, in transactions of approximately 9.4 million dirhams.

On the other hand, the share of the Emirates Investment Bank rose by 11.2% to reach 119 dirhams, the share of Al Ramz Capital rose by 5.63% to 1.5 dirhams, and the share of “Salik” increased by 3.06%.

The Abu Dhabi Securities Market closed the transactions, down by 0.42% at the level of 9807.19 points, with the decline in the shares of 37 companies out of the 65 companies whose shares were traded, while the shares of 17 companies rose, and 11 companies remained stable.

The share of “ADNOC Gas” decreased by 3.1% at the price of 0.556 dirhams, and the share of “Manazil” decreased by 4.1% at the price of 0.512 dirhams, and the share of “Multiple Play” decreased by 2.5% at the price of 3.57 dirhams. The share of «Alpha Abu Dhabi Holding» decreased by 3.3%, at a price of 20.2 dirhams, with transactions exceeding five million shares. The most heavily traded share was «Q Holding», which fell by 2.7% at a price of 3.66 dirhams, with transactions of nearly 38 million shares.

• Liquidity was distributed by 1.77 billion dirhams recorded by local stocks in Tuesday’s session, and 1.83 billion dirhams at the close of trading the day before yesterday.

2023-08-15 22:04:13
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