Tuesday, October 4, 2022 – 5:09 pm
ABU DHABI, October 4 / WAM / The local stock markets consolidated their gains at the close of trading today, and its market capitalization reached nearly 54 billion dirhams, with the Abu Dhabi market rising at the largest daily pace in more than two weeks, while the Dubai market rose at the largest pace since mid-May.
The market capital of the listed shares rose from 2.774 dirhams at the end of yesterday’s session to 2.828 trillion dirhams at the end of today’s session, distributed by 2.248 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 579.8 billion dirhams for shares listed on the Dubai Financial Market.
Local shares attracted more than 1.73 billion dirhams of liquidity, distributed as 1.34 billion dirhams in the Abu Dhabi market and 386.3 million dirhams in the Dubai market. About 501.3 million shares were traded through the implementation of more than 21.2 thousand transactions.
The Abu Dhabi market index “FADEX 15” rose by 1.53% to close at 9,878.34 points, while the FTSE Abu Dhabi General Market Index “Fadji” increased by 1.48% to close at 9,909.08 points, which is the largest pace of rise for the two indices since the September 16 session, with the rise in the sector index. Finance 0.95%, real estate 4.06%, communications 3.08%, basic materials 0.76%, energy 1.53%, and industry 1.72%.
The performance of the Abu Dhabi market was strengthened, with shares of “TAQA” rising by 7.92%, “Abu Dhabi Ports” 5.2%, “Aldar Properties” 4.5%, “E&” 3.15%, “ADNOC Distribution” 2.04%, “Dana Gas” 1.95%, and “Dana Gas” 1.95%. Abu Dhabi Islamic Bank 1.77% and Alpha Abu Dhabi 1.67%.
The shares of “Borouge” rose 1.42%, “Yahsat” 1.14%, “First Abu Dhabi” 1.12% and “Agthia” 1.05%, and “International Holdings” topped the activity, attracting liquidity by about 296.3 million dirhams and closed up by 0.42% at 360 dirhams, It was followed by “Multiplay”, attracting 149.8 million dirhams, increasing by 4.05%.
The Dubai general market index rose by 1.8%, equivalent to 59.69 points, achieving the largest one-day gain since last May 13, to close at 3379.42 points, with the banking sector index rising 2.13%, investment 1.88%, real estate 2.91%, and transportation 0.13%.
The rise of the Dubai market was supported by the rise in real estate shares, led by “Emaar Properties” after an increase of 2.94%, “Emaar Development” 3.27% and “Tecom” 1.33%, and banking shares rose with the growth of “Dubai Islamic” by 1.69% and “Emirates NBD” by 3.5%.
Investment shares, led by the “Dubai Financial Market”, increased by 3.5%, while “Dubai Investments” increased 1.3% and “Shuaa Capital” 1.26%, and in the transportation sector, “SALIC” rose 3.63% and “Aramex” 0.26%. “Emaar Properties” topped the activity, attracting 116.15 million dirhams, followed by “Salik” with 69.5 million dirhams, and then “Dubai Islamic” with 68.6 million dirhams.
Mustafa Badr El Din / Ramy Sameeh