UAE stock markets strengthened their gains at the end of yesterday’s trading, with its market capitalization gaining more than 13 billion dirhams, amid strong liquidity amounting to 1.75 billion dirhams.
The Dubai Financial Market continued its rise for the fourth session in a row, rising to its highest levels in more than 8 years (since 2015), while the Abu Dhabi Securities Market continued its gains, supported by gains in leading stocks and purchasing operations by international investors.
The market capitalization of listed shares rose from 3.662 trillion dirhams at the end of yesterday’s session, to 3.675 trillion dirhams at the end of yesterday’s session, distributed by 2.973 trillion dirhams for shares listed on the Abu Dhabi Securities Market, and 702.3 billion dirhams for shares listed on the Dubai Financial Market. Thus, it exceeded the barrier of 700 billion dirhams for the second time in its history.
Local stocks attracted liquidity of about 1.75 billion dirhams, distributed at 1.34 billion dirhams in the Abu Dhabi market, and 401.032 million dirhams in the Dubai market.
The Dubai Financial Market Index succeeded in rising at the end of yesterday’s trading, exceeding the level of 4117 points, for the first time since 2015, rising by 0.69%.
The rise in the Dubai market index, at the end of trading, supported the rise of Dubai Taxi Company shares by 3.23%, reaching 2.24 dirhams, recording its highest level since listing on the seventh of last December, and achieving liquidity worth 43.4 million dirhams.
The stock’s rising performance came days after it joined the general market index and also joined the Islamic index and the industrial sector index.
The Abu Dhabi Securities Market index increased its gains at the end of trading yesterday, by 0.57%, reaching 9767 points, supported by the rise in the “International Holding” stock by 0.02% to 410.3 dirhams, with it topping the activity list, attracting liquidity of about 223.84 million dirhams.
2024-01-09 22:01:49
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