Bank stocks held firm in the Dubai Financial Market index above the level of 4000 points at the close of trading yesterday, as Emirates NBD’s share reduced the market’s decline to only 0.25%, coinciding with the announcement of the strong mid-term results of Emirates NBD, as the stock rose by 1.8%. At a price of 16.65 dirhams and a liquidity of more than 104 million dirhams.
At the end of yesterday’s session, local stocks attracted liquidity of about 1.78 billion dirhams, distributed by 1.2 billion dirhams in the Abu Dhabi market and 582.5 million dirhams in the Dubai market, and about 719.3 million shares were traded through the implementation of 24.4 thousand transactions.
Dubai market
And 5 shares in the Dubai Financial Market accounted for 55.4% of the total market liquidity amounting to 582.5 million dirhams, with its concentration mainly in the sectors of banking, real estate, industry and consumer services, which are companies: «Emirates NBD», «Emaar Properties», and «Taleem Holding». And “Gulf Navigation” and “Ajman Bank”, with liquidity exceeding 323 million dirhams.
And the Dubai market index closed at the level of 4029.24 points, at the end of yesterday’s session, down by 0.25%, and the shares of “Ittiktab Holding” and “Dubai Refreshments” topped the rises of 19 companies in the market, up 9.2% and 7.3%. Ithmaar Holding rose 6.4%, Shuaa Capital rose 5.5%, and Education Holding rose 3.9%.
Abu Dhabi market
The FTSE index closed the Abu Dhabi General Market “Fadji” at the level of 9759.46 points, down marginally by 0.06%, and the share of “National Building Materials” jumped by the maximum to 0.238 dirhams, and the shares of Abu Dhabi National Takaful rose 10.7%, and the National Bank of Ras Al-Khaimah 6.8%, and Ras The real estate tent 6.5%, and Response Plus Holding 5.8%.
The share of “Al Alamiah Holding” won the largest share of the liquidity of the Abu Dhabi market, at about 199.1 million dirhams, then “Alpha Abu Dhabi” with a liquidity that exceeded 110.5 million dirhams, followed by “Ras Al Khaimah Real Estate”, which attracted 103.45 million dirhams.
2023-07-27 22:03:40
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