Local stock markets increased their gains by about 9 billion dirhams, at the end of yesterday’s trading, in the second session of the week, amid focus on blue-chip stocks, and attention to the business results season, which witnessed the announcement of annual profits that exceeded expectations for the two largest Islamic banks: “Dubai Islamic” and “Dubai Islamic Bank”. Abu Dhabi Islamic Bank” in addition to revealing lucrative distributions to shareholders.
The Dubai Financial Market index rose by 1.8% at 4,181.47 points, recording the highest level since the end of last September, that is, in approximately more than three months, while the Abu Dhabi Securities Market index rose 0.021% at 9,655.35 points.
The shares attracted liquidity of more than two billion dirhams, distributed at 1.17 billion dirhams in the Abu Dhabi market, and 968.44 million dirhams in the Dubai market, thus reaching their highest level since last September.
Yesterday, about 515.44 million shares were traded through the execution of about 33.01 thousand transactions.
The market capitalization of listed shares rose from 3.650 trillion dirhams at the end of yesterday’s session, to 3.659 trillion dirhams at the end of yesterday’s session, distributed by 2.944 trillion dirhams for shares listed on the Abu Dhabi Securities Market, and 714.614 billion dirhams for shares listed on the Dubai Financial Market. Recording its highest level ever.
The most traded stock in the Dubai market, Dubai Islamic, rose by 7.7% at 6.29 dirhams, achieving the highest level since May 2022 with trades approaching 299.32 million dirhams, after its annual profits increased by 26% to 7 billion dirhams in 2023, to surpass On average expectations of 5.6 billion dirhams.
While the most prominent stock traded in the Abu Dhabi market was the “Abu Dhabi Islamic Bank” stock, rising by 1.45% at 11.18 dirhams, after announcing record results, and an increase in its annual profits by 39% to exceed five billion dirhams in 2023, exceeding the average expectations of analysts of 39%. 4.6 billion dirhams, in addition to generous distributions, an increase of 50% over the year 2022.
2024-01-24 22:06:08
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