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Abu Dhabi, April 1: The local stock markets added about 111 billion dirhams to their market capital during the first quarter of this year, supported by the gains of some leading stocks, in addition to the new listings in the Abu Dhabi market.
The market value of shares increased from 3.206 trillion dirhams at the end of December 2022, to 3.317 trillion dirhams at the end of last March, distributed by 2.721 trillion dirhams for the Abu Dhabi Stock Exchange, and 595.9 billion dirhams for the Dubai Financial Market.
The market value of the local markets was enhanced thanks to the new listings, which included “ADNOC Gas” and “Brisete” for artificial intelligence solutions, all of which contributed to increasing the depth of the markets, enhancing its investment attractiveness, in addition to attracting a new segment of investors.
Abu Dhabi market.
The Abu Dhabi Market Index, “Vadex 15”, ended the first quarter at the level of 9294.61 points, while the FTSE Abu Dhabi General Market Index, “Fadji”, closed at the level of 9430.25 points. The consumer goods index rose by 7.2%, real estate by 2.8%, energy by 2.07%, and services by 2.41%.
The Abu Dhabi market attracted liquidity of about 102.6 billion dirhams after trading 13.55 billion shares through the implementation of 825.4 thousand transactions.
The winning stocks in the Abu Dhabi market during the first quarter were issued by “ADNOC Drilling”, with its rise of 32.5%, “Americana” by 28.3%, “Abu Dhabi Islamic” by 9.5%, “Abu Dhabi Ports” by 9.4%, “ADNOC Gas” by 6.7%, and “Yahsat”. 6.4%, Aldar Properties 5%, Agthia 3.5%, Barjeel 2.6%, Taqa 1.75%, and Borouge 1.58%.
And “Al-Alamiya Holding” came at the forefront of the most active stocks during the first quarter, attracting liquidity of more than 37.2 billion dirhams, followed by “Al-Facebook” attracting about 8.7 billion dirhams, then “Multiplay” with a liquidity of 6.48 billion dirhams, and “First Abu Dhabi” with 5.6 billion dirhams.
– Dubai market..
The general index of the Dubai Financial Market increased by 2.12%, or the equivalent of 70.6 points, to close at the level of 3406.72 points, supported by gains in the service sector index by 9.94%, industry by 6.7%, and real estate by 2.3%.
The Dubai market attracted a liquidity of 19.04 billion dirhams during the first quarter, after trading 8.22 billion shares through the implementation of 390.7 thousand deals.
In the Dubai market, the winning stocks during the first quarter included “Emaar Development” 27.5%, “Empower” 34%, “Dewa” 9%, “Dubai Investments” 6.5%, “Tecom” 6.5%, “Emirates NBD” 1.15% and Salik 20.5% and Tabreed 1.3%.
And “Emaar Properties” acquired the largest share of the quarterly trading, attracting liquidity of more than 6.4 billion dirhams, followed by “Emirates NBD” with a liquidity of 1.98 billion dirhams, then “Dubai Islamic” attracting about 1.53 billion dirhams, and “Salik” 1.3 billion dirhams.
