Abu Dhabi market declines, affected by the decline in banking and real estate shares

The Abu Dhabi FTSE Securities Market Index declined marginally at the close of today’s session by 0.03% at the level of 9943 points.

The value of trading in the Abu Dhabi market amounted to 1.82 billion dirhams, while the trading volume amounted to 410.96 million shares.

Today, the Abu Dhabi Securities Exchange witnessed the implementation of large transactions on the shares of Ras Al Khaimah White Cement and Construction Materials, with a value of 367.5 million dirhams.

The performance of the market coincided with the decline of the First Abu Dhabi share by 1.5%, and Aldar Properties fell by 0.58%, while the Global Holding rose marginally by 0.05%.

The decline in the First Abu Dhabi stock comes after it announced, yesterday, the withdrawal of the non-binding offer regarding the acquisition of the majority stake in the Egyptian financial group Hermes.

Also, Affabbi rose by 0.52%, while Abu Dhabi Ports rose by 2.3%, Q Holding rose by 7.93%, and Ishraq declined by 0.98%, and Taqa rose by 4.38%, and Ghadaa share declined by 3.54%.

Global Holding shares topped the shares in terms of trading value, executing about 300.479 million dirhams, followed by Aldar Properties with a value of 262.412 million dirhams, then First Abu Dhabi with a value of 193.955 million dirhams, while Aldar’s share topped the shares in terms of trading volumes by 51.03 million shares.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.