The Dubai Financial Market index rose 0.31% at the end of yesterday’s trading session, closing at 3741.51 points, recording profits amounting to 981.9 million dirhams, as the market capitalization of listed shares increased from 631.965 billion dirhams to 632.947 billion dirhams at the end of trading, with an increase in risk appetite and the direction of investors’ attention. To search for new incentives after the end of the business results season.
The Dubai Financial Index closed at the end of trading yesterday, rising, with a total value of 385.10 million dirhams recorded.
Supporting the market rise was the rise of “Emaar Properties” stock by 1.76%, topping the liquidity list with about 154.58 million dirhams, in addition to the rise of “Gulf Navigation” stock by 0.14%, with liquidity of 34.026 million dirhams, and “Dubai Islamic” stock increased by 0.19% with liquidity of about 29.26 million. Dirham.
The Abu Dhabi Securities Market index fell by 0.034% to close at 9,272.62 points at the end of trading, under pressure from traders continuing their profit-taking operations. The market capitalization of shares listed on the Abu Dhabi Market fell to 2.764 trillion dirhams.
At the end of the session, the Dubai and Abu Dhabi markets attracted liquidity exceeding 1.27 billion dirhams, with a trading volume of 289.55 million shares, through the implementation of 21.38 thousand transactions.
The Abu Dhabi market index also declined at the end of Tuesday’s session, with trades reaching a total value of 884.68 million dirhams.
This came with the International Holding Company’s share declining by about 0.08%, with liquidity reaching about 227.4 million dirhams, and Abu Dhabi Commercial shares falling by 1.39%, with liquidity reaching 50.59 million dirhams, and the Multiplay Group’s share falling by 0.63%, with liquidity reaching 77.67 million dirhams.
In turn, the chief market analyst at Century Financial, Aaron Leslie John, confirmed that the decline in the Abu Dhabi Securities Market index came for several reasons, most notably the continuation of a wave of profit-taking operations by investors. He pointed out that the Dubai Market Index rose despite the declines it witnessed throughout the month, pointing out that it is still up by 13% so far this year, and is firmly on its way to achieving its best performance since 2021. He stressed that the performance of the Dubai Financial Market is a testimony. On the flexibility and strength of the economy of the Emirate of Dubai. He added that the Dubai stock market index is considered a safe haven amid the geopolitical and macroeconomic turmoil, which leaves great room for further rises.
2023-10-24 22:06:00
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