Local stock markets attracted about 3.91 billion dirhams over the first three sessions of this week (Monday, Tuesday and Wednesday), with most of them focused on shares in the banking and real estate sectors.
Stock liquidity was distributed during the past three sessions by 1.33 billion dirhams in last Monday’s session, 1.41 billion dirhams in the day before yesterday’s session, and 1.17 billion dirhams in yesterday’s session.
By the end of yesterday’s trading, trading volumes in the local stock markets reached 286.77 million shares, distributed by about 160.72 million shares in the Abu Dhabi market, and 126.05 million shares in the Dubai market, through the implementation of 16.86 thousand transactions. At the daily performance level, the Abu Dhabi General Market FTSE index fell 0.06% to the level of 9545.68 points.
The largest declining stocks in the Abu Dhabi market were: “International Commercial Bank” by 8.47%, “ADNOC Gas” by 3.3%, and the National Bank of Ras Al Khaimah by 2.65%, while “International Holding” topped the activity, attracting more than 221.93 million dirhams to close down by 0.15% at 399.5 dirhams. The Dubai Financial Market Index also declined by 0.61% at the end of trading, closing at 3,965.21 points.
The decline in the performance of the Dubai market came with a decline in most of the leading stocks, led by “Emaar Development” with a decline of 2.5%, recording liquidity exceeding 15.03 million dirhams, and the stock of “Emaar Properties” fell by about 2%. Gulf Navigation shares declined by 0.55%. While “Amanat Holding” shares increased by 1.8%, topping the list of the most active in terms of value, at about 54.86 million dirhams.
2023-11-08 22:06:55
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