The local financial markets increased their gains and gained a market capitalization of more than 109.7 billion dirhams, at the end of last week’s trading, with the return of increased risk appetite among traders and their seizing of new financial positions in leading stocks.
The market capitalization of listed shares rose from 3.402 trillion dirhams at the end of the week’s trading to 3.5117 trillion dirhams at the end of yesterday’s session, distributed by 2.849 trillion dirhams for shares listed on the Abu Dhabi Securities Market, and 662.464 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity of about 7.03 billion dirhams, after trading about 1.88 billion shares, through the implementation of more than 108.4 thousand transactions.
During the week’s trading, the FTSE Abu Dhabi General Market Index (FADGI) rose by 2.9%, or the equivalent of 273 points, to close at 9,510.49 points, while the Dubai Market Index rose by about 3.8%, gaining about 144 points, to close at 3,929.81 points.
At the level of yesterday’s trading, Friday, the market capitalization of listed stocks increased by about 12.7 billion dirhams, from 3.499 trillion dirhams at the end of yesterday’s session, to 3.5117 trillion dirhams at the end of yesterday’s session.
Local stocks attracted liquidity of more than 1.19 billion dirhams, distributed by 936.374 million dirhams in the Abu Dhabi market, and 253.988 million dirhams in the Dubai market, where about 293.11 million shares were traded through the implementation of more than 18.3 thousand transactions.
The Abu Dhabi Market Index rose on a daily basis by 0.25%, coinciding with the rise of the shares of “ADNOC Logistics and Services” by 4.66%, “Multiplay Group” by 0.28%, and “Alpha Dhabi” by 0.21%.
The Dubai Financial Market Index also rose by 0.42%, with the “National General Insurance” stock rising by 10.5% to 3.05 dirhams, with transactions approaching 2.42 million dirhams.
Emirates NBD shares rose by 2.62% to 17.6 dirhams, with trades approaching 29.55 million dirhams, while Emaar Properties shares increased by 0.88% at 6.83 dirhams, with trades worth 81.38 million dirhams.
2023-11-03 19:00:00
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