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Local Stock Markets in Abu Dhabi and Dubai Experience Significant Gains

Abu Dhabi, October 31, 2017 – Local stock markets increased their gains for the second consecutive session at the end of today’s trading, with their market capitalization gaining more than 18.7 billion dirhams.
Market gains were distributed at 13.2 billion dirhams for the Abu Dhabi Securities Market, and 5.5 billion dirhams for the Dubai Financial Market.
The market capitalization of listed shares rose from 3.427 billion dirhams yesterday to 3.445 trillion dirhams by the end of today’s session, distributed by 2.792 trillion dirhams for shares listed on the Abu Dhabi Securities Market and 653.9 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity of about 1.4 billion dirhams, distributed by 1.06 billion dirhams in the Abu Dhabi market and 340.2 million dirhams in the Dubai market, and about 371.3 million shares were traded through the implementation of more than 22.8 thousand transactions.
-Abu Dhabi Market..
The FTSE Abu Dhabi General Market Index, “Fadji,” rose by 0.63%, or the equivalent of 58.5 points, to close at 9,343.88 points, while the “Fadex 15” index rose by about 0.68%, gaining about 61.4 points, to close at 9,107.24 points.
International Holding” accounted for the largest share of trades at about 207.2 million dirhams to close at 399.6 dirhams, up by 0.03%, followed by “Alpha Dhabi” with about 100.5 million dirhams and closed stable without change at 18.88 dirhams, then “Multiplay” attracted 95.7 million dirhams to close up by 0.03%. 4.3% at 3.4 dirhams.
-Dubai market..
The general index of the Dubai Financial Market rose by 1%, or the equivalent of 38.3 points, to close at 3877.08 points, supported by gains in the shares of the real estate sector by 2.79%, communications 2.28%, services 1.18%, industry 0.62%, and financial sector 0.19%.
“Emaar Properties” led the activity, attracting liquidity of about 117.4 million dirhams and closed at 6.69 dirhams, an increase of 2.9%, followed by “Gulf Navigation”, attracting 49.6 million dirhams and closing at 7.2 dirhams, with a gain of 0.28%, then “Dubai Islamic” 34.2 million dirhams and reaching 5.4 dirhams. An increase of 0.74%.

Muhammad Nabil Abu Taha/Rami Samih/Zakaria Mohieddin

2023-10-31 13:07:33
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