2024-03-14 22:05:15
The Dubai Financial Market consolidated its gains for the third consecutive session in yesterday’s trading, and the market index rose by 0.73%, or the equivalent of 31.1 points, recording a level of 4290.34 points, making the market gain about 5.3 billion dirhams, supported by the gains of the leading stocks.
The market capitalization of Dubai’s listed shares rose from 721.5 billion dirhams at the end of the session the day before yesterday, to 726.8 billion dirhams, at the end of yesterday’s session.
“Taleem Holding” stock led the rise of 18 stocks in the Dubai market, while “GFH Financial” stock captured the largest share of market liquidity for the second session in a row, with a value exceeding 121.6 million dirhams, equivalent to 25.7% of the total market liquidity amounting to 472.9 million dirhams. .
The performance of the Dubai Financial Market was enhanced by the rise in the shares of “Deyaar Development” by 2.76%, “Emaar Development” by 2.4%, “Aman” by 2.1%, “Emirates NBD” by more than 2%, and “Emaar Properties” by 0.61%. Non-Arab foreign investors tended to buy in the Dubai market with a net investment of 71.1 million dirhams in yesterday’s session, after achieving purchases worth 177.1 million dirhams, compared to sales of about 106 million dirhams.
On the other hand, the FTSE Abu Dhabi General Market Index, “FADGI”, rose by 0.12%, to the level of 9255.06 points, in yesterday’s session, giving the market a profit of about 5 billion dirhams.
“International Holding” led the activity in the Abu Dhabi market, with the largest share of total trading with more than 199.4 million dirhams, followed by “Alpha Dhabi Holding”, attracting 96.4 million dirhams, then “Multiplay” with liquidity of 78.2 million dirhams.
During yesterday’s session, Palms Sports shares rose in the Abu Dhabi market by 13.1%, Sharjah Cement by 9.8%, ADNOC Drilling by 4.6%, Agthia Group by 3.6%, and Aldar Properties by 1.4%.
Local stock markets added gains of nearly 10.3 billion dirhams in yesterday’s session, supported by purchasing operations on leading stocks in the Dubai and Abu Dhabi markets.
The market capitalization of listed shares rose from 3.591 trillion dirhams at the end of yesterday’s session, to 3.601 trillion dirhams at the end of yesterday’s session, distributed by 2.874 trillion dirhams for shares listed on the Abu Dhabi Securities Market, and 726.8 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity of more than 1.6 billion dirhams, distributed by 1.15 billion dirhams in the Abu Dhabi market, and 472.88 million dirhams in the Dubai market, and about 503.65 million shares were traded, through the implementation of 25.4 thousand transactions.
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