Home » today » Business » Stock Market Update: Abu Dhabi and Dubai Markets Record Liquidity of Nearly 1.4 Billion Dirhams with Focus on Real Estate and Banking Stocks

Stock Market Update: Abu Dhabi and Dubai Markets Record Liquidity of Nearly 1.4 Billion Dirhams with Focus on Real Estate and Banking Stocks

At the end of trading on Monday, the beginning of the current month of May and the week, the local stock markets attracted liquidity of nearly 1.4 billion dirhams, with its concentration in real estate, financial and banking stocks. Liquidity was distributed by 1.24 billion dirhams in the Abu Dhabi Securities Market, and 277.63 million dirhams in the Dubai Financial Market, after 460.6 million shares were traded through more than 18.51 thousand transactions.

The Dubai market index decreased by 0.2% to 3538.05 points, while the Abu Dhabi market index, “Fadex 15”, decreased by 0.86%, to 9704.42 points.
In detail, the Dubai Financial Market index declined, coinciding with the decline in Emirates NBD’s share by 1.06%, at 13.95 dirhams. The share of «Emaar Properties» decreased by 0.4% at 5.91 dirhams, with transactions exceeding 4.9 million shares. Dubai Islamic and Dubai Financial Market declined by 0.9% and 1.3%, respectively. “Dewa” shares decreased by 0.8%, at 2.46 dirhams.
The most heavily traded stock was Union Properties, up 0.4% at 0.26 dirhams, with transactions of nearly 49 million shares.
At the end of trading, the Abu Dhabi Securities Market index recorded a decline of 0.9%, reaching 9704 points, with the share of “ADNOC Gas” declining by 0.3%, at 3.2 dirhams. Shares «Ishraq Investment» decreased by 0.4% at 0.51 dirhams.
The share of «Prestate» decreased by 7.9% at 3.65 dirhams, and the share of «Multiplay» decreased by 3.3% at 3.25 dirhams.
Dana Gas was the most heavily traded stock, rising by 1.1% at 0.904 dirhams, with transactions exceeding 49 million shares.


2023-05-01 12:38:49
#Local #stock #markets #attract #billion #dirhams #liquidity

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