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Market gains of Abu Dhabi Securities Market approach 12 billion dirhams, Dubai market stable

ABU DHABI, 7 August / WAM / The market gains of the Abu Dhabi Securities Market approached 12 billion dirhams at the end of today’s trading, while the Dubai market closed stable without significant change.

The market capitalization of the shares listed in the two markets rose from 3.52 trillion dirhams at the end of last Friday to 3.532 trillion dirhams, distributed by 2.843 trillion dirhams for the shares listed on the Abu Dhabi Stock Exchange and 689.1 billion dirhams for the shares listed on the Dubai Financial Market.

Local stocks attracted more than 1.84 billion dirhams of liquidity, distributed by 1.42 billion dirhams in the Abu Dhabi market and 413.3 million dirhams in the Dubai market, and about 619.2 million shares were traded through the implementation of more than 28.3 thousand transactions.

The Abu Dhabi Market Index, “Vadex 15”, rose by 0.47%, or the equivalent of 44.6 points, to close at 9,548.12 points, while the FTSE Abu Dhabi General Market Index, “Fadji”, increased by 0.38%, equivalent to 37.8 points, to close at 9,824.2 points.

The performance of the Abu Dhabi market was enhanced by the rise in the shares of “Multiple Play” by 4.37%, “Taqa” by 1.52%, “Al-Dar Properties” by 0.95%, “International Holding” by 0.63%, “Abu Dhabi Commercial” by 0.47%, “First Abu Dhabi” by 0.28%, and “ADNOC Distribution”. 0.26%.

“Q Holding” topped the activity in the Abu Dhabi market, attracting liquidity of about 236.5 million dirhams, and closed up by 14.58% at the level of 3.3 dirhams, followed by “Al-Alamiah Holding” with a liquidity of 208.5 million dirhams and reaching 398 dirhams, then “Multiplay” that attracted more than 191.1 million dirhams. To close at 3.58 dirhams.

And the general index of the Dubai Financial Market closed flat at 4079.42 points, with the index of the consumer goods sector rising by 0.77%, the telecommunications sector index and the financial index by 0.18%.

And “Emaar Properties” acquired the largest share of trading in the Dubai market, attracting more than 62.3 million dirhams, and the share rose by 0.14% to 7.08 dirhams, followed by “Al Ansari Financial Services” with a liquidity of 56.8 million dirhams and closed stable at 1.21 dirhams, then “Gulf Navigation” with a liquidity. 51.1 million dirhams, gaining about 2.4%.

Among the rising stocks in the Dubai market were Emirates NBD by 0.29%, Dubai Investments by 0.4%, Tecom by 0.39%, Tabreed by 0.92%, Du by 0.75% and Shuaa Capital by 2.9%.

Asim Al-Khouli / Ramy Samih

2023-08-07 12:24:00
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