Local stocks gain 22 billion dirhams, and the Abu Dhabi market achieves the largest daily gain in 3 months

Abu Dhabi, March 6 / The local stock markets consolidated their gains at the end of the session at the beginning of the week, and their market capitalization gained nearly 22 billion dirhams, with the Abu Dhabi market achieving the largest daily gains in 3 months, while the Dubai Financial Market recorded its highest level in two weeks.
The market capital of listed shares rose from 3.14 trillion dirhams at the end of last Friday’s session to 3.162 trillion dirhams at the end of today’s session, distributed by 2.564 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 597.8 billion dirhams for shares listed on the Dubai Financial Market.
Local shares attracted record liquidity of about 10.9 billion dirhams, distributed by 10.59 billion dirhams in the Abu Dhabi market and 361.5 million dirhams in the Dubai market, and about 326.5 million shares were traded through the implementation of more than 19 thousand transactions.
The large increase in liquidity comes after the implementation of 3 large deals on “Al-Alamiya Holding” shares, for 23.7 million shares, with a value of more than 9.5 billion dirhams, at a price of 400 dirhams per share.
– Abu Dhabi market.

The Abu Dhabi Securities Market indices closed at the highest daily gains in nearly 3 months, with the growth of the Abu Dhabi Market Index, “Faddex 15”, by 1.05 percent, to close at 9895.23 points, while the FTSE Abu Dhabi General Market Index, “Fadji”, increased by 0.91 percent to reach the level of 9906.71. a point.
The performance of the Abu Dhabi market was strengthened by an increase in the shares of “Alfa Abu Dhabi” by 4.01%, “ADNOC Drilling” by 2.59%, “Abu Dhabi Commercial” by 2.54%, “Abu Dhabi Islamic” by 1.74%, “First Abu Dhabi” by 1.42%, “ADNOC Distribution” by 1.18%, and “Al-Dar”. Al-Aqaria 1.07%, “Borouge” 0.78%, “Yahsat” 0.38%, and “A&” 0.31%.
“Al-Alamiya Holding” topped the activity after executing a major deal, bringing the total liquidity to about 9.7 billion dirhams, then “Al-Afa Abu Dhabi” attracting about 159.4 million dirhams, followed by “Multiplay” with a liquidity of 77.5 million dirhams.
Dubai market.

The Dubai General Market Index rose by 1.05%, or the equivalent of 35.9 points, which is the largest pace of daily gains since the beginning of last February, to close at 3456.18 points, reaching its highest level in two weeks.
The performance of the Dubai market was strengthened by the rise in the shares of “Emaar Properties” by 1.9%, “Dubai Islamic” by 1.05%, “Emaar Development” by 14.9%, “Dubai Investments” by 2.2%, “Dubai Financial Market” by 0.7%, “Aramex” by 1.13%, and “Salik”. 4.7%, Tecom 1.7%, DEWA 0.4%, Empower 0.66% and Tabreed 0.34%.
“Emaar Properties” topped the activity, attracting liquidity of about 103.7 million dirhams, followed by “Emaar Development”, attracting about 80.8 million dirhams, then “Salik” with a liquidity that exceeded 41.2 million dirhams.