2023-11-24 22:00:45
Local stock markets increased their gains by about 11 billion dirhams at the end of trading yesterday, Friday, the last sessions of the week, amid focus on blue-chip stocks. The performance of the Dubai Financial Market Index increased by 0.17% to the level of 3992 points, while the Abu Dhabi Securities Market Index rose by 0.23% to the level of 9555.23 points.
The market capitalization of listed stocks rose from 3.544 trillion dirhams at the end of the session the day before yesterday, Thursday, to 3.555 trillion dirhams at the end of Friday’s session, distributed by 2.879 trillion dirhams for stocks listed on the Abu Dhabi Securities Market, and 675.958 billion dirhams for stocks listed on the Dubai Financial Market. .
The most traded stock in the Dubai market was “Emaar Properties”, down by 0.7% at 7.08 dirhams, with transactions approaching 19.9 million dirhams, while the most traded stock in the Abu Dhabi market was “International Holding”, down by 0.03% at 399.5 dirhams.
Financial markets expert, Mahmoud Atta, said that the financial fundamentals of the leading companies listed in the UAE financial markets, which achieved strong performance at the end of the third quarter of this year, are among the factors that will qualify the markets for much better performance, supported by the growth of the local economy and expansions in non-oil sectors such as tourism. Hotels, aviation and logistics services, which recorded remarkable growth.
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