Local stock markets consolidated their gains at the end of yesterday’s trading, as their market capitalization gained more than 10.4 billion dirhams, amid strong liquidity of nearly 2.5 billion dirhams.
The Dubai Financial Market continued its rise towards its highest levels in more than eight years, while the Abu Dhabi Securities Market continued its gains for the third session in a row, supported by gains in leading stocks and purchasing operations by international investors.
The market capitalization of listed shares rose from 3.564 trillion dirhams at the end of the session, the day before yesterday, to 3.574 trillion dirhams at the end of yesterday’s session, distributed by 2.87 trillion dirhams for shares listed on the Abu Dhabi market, and 704.4 billion dirhams for shares listed on the Dubai market, thus exceeding the barrier 700 billion dirhams for the first time in its history.
Local stocks attracted liquidity of about 2.45 billion dirhams, distributed by 1.53 billion dirhams in the Abu Dhabi market and 916.2 million dirhams in the Dubai market, while about 532.2 million shares were traded through the implementation of more than 32.5 thousand transactions.
The FTSE Abu Dhabi General Market Index (FADGI) rose by 0.24%, or the equivalent of 23.4 points, to close at 9,845.99 points, while the “FADEX 15” index rose by about 0.25%, gaining about 24.39 points, to close at 9,557.56 points, with the real estate sector index rising by about 6.67%. Energy 0.66%, services 0.57%, and finance 0.04%.
The general index of the Dubai Financial Market also rose by 1%, or the equivalent of 41.28 points, to close at 4179.68 points, remaining at its highest levels since August 2015, supported by gains in the shares of the real estate sector by 3.41%, communications by 0.76%, financials by 0.49%, services by 0.43%, and industry by 0.21%.
2023-09-21 22:01:25
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