Emirates News Agency – Large deals raise the liquidity of local stocks to 31.2 billion dirhams

ABU DHABI, 8th December, 2020 (WAM) — Local stock markets attracted record liquidity at the end of today’s trading, which exceeded 31.2 billion dirhams, following executing large deals on the shares of “Alpha Abu Dhabi Holding”, “Al Seer Marine” and “Multiplay”, with a value of 29.7 billion dirhams.
Market liquidity was distributed by 31.01 billion dirhams in the Abu Dhabi Securities Market and 277.6 million dirhams in the Dubai Financial Market, following trading 1.97 billion shares through the implementation of more than 17.7 thousand deals.
According to Abu Dhabi market data, the “Alpha Abu Dhabi Holding” share witnessed the execution of 11 deals on one billion shares, at a value of 26.5 billion dirhams, while 6 deals were executed on “Multiplay” for 560 million shares, at a value of 2.78 billion dirhams, in addition to one deal on “Al Seer Marine”. for 50 million shares at a value of 475 million dirhams.
The Abu Dhabi market index, “Vadex 15”, closed at the level of 10237.2 points, while the FTSE Abu Dhabi General Market index “Fadji” reached the level of 10273.7 points, and the Dubai General Market index reached the level of 3314.44 points.
In the Abu Dhabi market, “Yahsat” shares rose 1.85%, “Abu Dhabi Commercial” 1.22%, “Dana Gas” 1.11%, “Alpha Abu Dhabi” 0.82%, and “Al-Alamiah Holding” 0.24%.
“TAQA” rose by 0.27%, following the company announced today that it had completed the strategic agreement with “Mubadala” and “ADNOC” to acquire shares in “Masdar”.
In the Dubai market, “Dubai Investments” rose 0.45%, “Salik” 0.86%, “Tecom” 0.43%, and “Amanat Holdings” 0.35%. 55.8 million dirhams.

Mustafa Badr El Din / Ramy Samih

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