UAE stocks add 52 billion dirhams to their market capitalization

2023-12-23 16:59:29

The UAE stock markets strengthened their market capitalization during this week’s trading after adding about 52 billion dirhams in conjunction with the listing of “PureHealth” shares on the Abu Dhabi Securities Market.
The market capitalization of listed shares rose from 3.543 billion dirhams in last Friday’s session to 3.595 trillion dirhams at the end of yesterday’s session, distributed by 2.917 trillion dirhams for shares listed on the Abu Dhabi Securities Market and 678 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity of about 14.3 billion dirhams, distributed by 13.5 billion dirhams in the Abu Dhabi market and 855.8 million dirhams in the Dubai market, and about 1.6 billion shares were traded through the implementation of more than 102 thousand transactions, according to what was reported by the Emirates News Agency (WAM). ).
The significant increase in liquidity levels comes as a result of the implementation of 46 large transactions in the Abu Dhabi market during the week, worth 8.05 billion dirhams, distributed among 150.2 million shares.
The large deals included 44 deals on “International Holding” shares, worth 4.45 billion dirhams, through 11.1 million shares, at a price of 399.5 dirhams, and two deals on “Alpha Dhabi Holding” shares, worth 3.59 billion dirhams, through 139.1 million shares, at a price of 25.86 dirhams.

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