Home » today » Business » Emirates News Agency – Abu Dhabi market gains AED 21.8 billion in record cash, major deals

Emirates News Agency – Abu Dhabi market gains AED 21.8 billion in record cash, major deals

ABU DHABI, 23rd November, 2020 (WAM) — The Abu Dhabi securities market consolidated its gains at the end of the trading day and its market capitalization stood at approximately AED 21.8 billion amid record liquidity which has exceeded 3 billion dirhams, after executing big deals on “A&” stock.
The market capitalization of shares listed on the Abu Dhabi Stock Exchange rose to 2.54 trillion dirhams by the end of today’s session, up from 2.518 trillion dirhams by the end of yesterday’s session, while the market capitalization of shares listed in the Dubai Financial Market reached 581.9 billion dirhams.
Local stocks attracted more than AED 3.33 billion of cash, distributed AED 3.09 billion in the Abu Dhabi market and AED 248.06 million in the Dubai market, and about 479.4 million shares are been exchanged through the execution of over 21 thousand transactions.

Shares of ‘A & Etisalat formerly’ group in Abu Dhabi market saw the conclusion of 7 major deals, worth more than AED 5.7 billion, out of 59.8 million shares.
The performance of the Abu Dhabi market was supported by the increase in the shares of “First Abu Dhabi” by 2.97%, “Al-Dar Properties” by 2.02%, “Al-Alamiah Holding” by 1, 7%, “Abu Dhabi Islamic” 1.6%, “VertiGlobe” 1.3%, “Yahsat” 1.15% and “Borouge” 0.74%, “A&” 0, 72% and “Abu Dhabi Ports” by 0.52%.
“A&” led the business, attracting cash of AED1.57 billion, followed by “Al-Alamiah Holding” with cash of AED298 million, then “Alpha Abu Dhabi” with around AED187.19 million .
In the Dubai market, Emirates NBD rose 0.38%, Dubai Financial Market climbed 0.64%, Salik climbed 0.44%, Shuaa Capital climbed 1.41%, Aramex climbed 0.27%, Amanat Holdings del ‘1.09% and Amlak Finance 0.8%.

“Emaar Properties” led the activity, attracting cash of around AED 45.2 million, followed by “Dubai Islamic” AED 40.15 million, then “Ajman Bank” AED 31.7 million.

Asim Al-Khouli / Ramy Samih

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