Wednesday, September 20, 2023 – 7:24 p.m
ABU DHABI, September 20, 2017 (WAM) – The Dubai Financial Market achieved gains exceeding 12 billion dirhams at the end of today’s trading, after its market capitalization touched the barrier of 700 billion dirhams for the first time in its history, while the Abu Dhabi market continued its rise for the second session in a row.
The general index of the Dubai Financial Market succeeded in rising to its highest levels in 8 years, supported by purchasing operations by foreign investors that targeted leading stocks in the banking and real estate sectors.
The market capitalization of listed shares rose from 3.55 trillion dirhams at the end of yesterday’s session to 3.56 trillion dirhams at the end of today’s session, distributed by 2.864 trillion dirhams for shares listed on the Abu Dhabi Securities Market and 699.86 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity of about 1.75 billion dirhams, distributed by 986.8 million dirhams in the Abu Dhabi market and 768.3 million dirhams in the Dubai market, and about 410.2 million shares were traded through the implementation of more than 24.38 thousand transactions.
The Dubai Financial Market General Index rose by about 1.56%, gaining 63.68 points, to close at 4138.4 points, reaching its highest levels in 8 years since August 2015, while the FTSE Abu Dhabi General Market Index “Fadji” increased by 0.003% to close at 9822.56 points, and the “Fadex 15” index rose. “by about 0.01% to close at 9533.17 points.
The performance of the Dubai market was enhanced by the rise of the majority of stocks, including “Emaar Properties” by 5.2%, “Emaar Development” by 5.52%, “Emirates NBD” by 3.93%, “Dubai Financial Market” by 3.18%, “Dubai Islamic” by 0.7%, and “SALIC”. 0.6%, “Tecom” 2.29%, and “Dewa” 1.58%.
“Emaar Properties” accounted for the largest share of trading, attracting liquidity of about 337.3 million dirhams and closed at 7.49 dirhams, followed by “Emirates NBD” with liquidity of 123.2 million dirhams and closing at 18.5 dirhams, then “Emaar Development” with about 70.4 million dirhams and reaching the level of 7.07 dirhams. .
In the Abu Dhabi market, shares of “ADNOC Logistics” rose by 4%, “Yahsat” by 1.95%, “Multiplay” by 1.25%, “ADNOC Gas” by 0.87%, “Aldar Properties” by 0.55%, and “International Holding” by 0.14%, topping the list. The activity has liquidity exceeding 221 million dirhams.
“Alpha Dhabi” came in second place on the most active list, attracting about 127.5 million dirhams to close at 20.6 dirhams, followed by “Multiplay” with liquidity of 112.2 million dirhams to close at 4.05 dirhams, then “Aldar” with about 45.7 million dirhams and reaching 5.44 dirhams.
Assem Al-Khouly/Rami Samih
2023-09-20 15:24:56
#Dubai #market #capitalization #touches #billion #dirhams #time #history #index #highest #level #years
