The gains of the UAE stock markets reached the level of 34 billion dirhams (about 9.26 billion dollars) at the end of Wednesday’s trading, and the Dubai market succeeded in achieving the largest daily rise since mid-May 2022, supported by the gains of the leading stocks in the “real estate” and “banking” sectors.
Market gains were distributed at 18.7 billion dirhams for the Abu Dhabi Securities Market, and about 15.04 billion dirhams for the Dubai Financial Market.
The market capitalization of listed stocks rose from 3.397 trillion dirhams yesterday to 3.43 trillion dirhams by the end of today’s session, distributed by 2.783 trillion dirhams for stocks listed on the Abu Dhabi Securities Market and 647.9 billion dirhams for stocks listed on the Dubai Financial Market.
Local stocks attracted liquidity of more than 1.4 billion dirhams, distributed by 969.3 million dirhams in the Abu Dhabi market and 458.3 million dirhams in the Dubai market, and about 397.9 million shares were traded through the implementation of 23.7 thousand transactions.
Abu Dhabi Market
The FTSE Abu Dhabi General Market Index, “Fadji”, grew by 0.56 percent, equivalent to 52.26 points, to reach the level of 9,324.88 points, while the “Fadex 15” index reached the level of 9,084.09 points, with gains exceeding 50.3 points, or 0.56 percent.
The performance of the Abu Dhabi market was enhanced by the rise in shares of “Aldar Properties” by 4.8 percent, “ADNOC Drilling” by 3.4 percent, “ADNOC Distribution” by 3.01 percent, “ADNOC Gas” by 1.6 percent, “A&” by about 0.76 percent, and “Borouge” by about 0.76 percent. 0.4 percent, “Taqa” 0.33 percent, and “First Abu Dhabi” 0.15 percent.
“International Holding” accounted for the largest share of trading, at about 211.4 million dirhams, and closed up by 0.1 percent at 399.9 dirhams, followed by “Alpha Dhabi” with liquidity of 109 million dirhams and reaching 18.2 dirhams, then “Multiplay” and “Aldar Properties” with liquidity of 95.5 million dirhams. and 86.2 million dirhams, respectively.
Dubai market
The general index of the Dubai Financial Market rose by 2.66 percent, or the equivalent of 99.6 points, which is the largest daily gain in 17 and a half months, to close at 3841.12 points, continuing its gains for the second session in a row.
The rise of the Dubai market was supported by the rise of leading stocks such as “Emaar Properties” by 4.24 percent to close at 6.64 dirhams, topping the list of the most active, attracting liquidity of about 145.6 million dirhams. “Emirates NBD” also rose by about 3.44 percent to 16.55 dirhams, with liquidity of 85.9 million dirhams.
“Dubai Islamic” rose by about 2.3 percent to 5.39 dirhams and attracted liquidity of about 37.6 million dirhams, and “Emaar Development” increased by about 7.4 percent to 6.1 dirhams, with trades worth more than 21.8 million dirhams.
2023-10-25 14:14:30
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