Local stocks gain 24 billion dirhams, and the Dubai market is rising at the largest daily pace in 6 months

Abu Dhabi, March 28 / The local stock markets consolidated their gains at the end of today’s session, and their market capitalization gained more than 24.2 billion dirhams, with the Dubai market achieving the largest daily gains in 6 months.

The market capital of listed shares rose from 3.261 trillion dirhams at the end of yesterday’s session to 3.286 trillion dirhams at the end of today’s session, distributed by 2.692 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 593.4 billion dirhams for shares listed on the Dubai Financial Market.

Local shares attracted liquidity of about 1.75 billion dirhams, distributed by 1.29 billion dirhams in the Abu Dhabi market and 452.8 million dirhams in the Dubai market, and about 391 million shares were traded through the implementation of more than 21 thousand transactions. And 10 large deals were executed on “ADNOC Gas” for about 41.5 million shares, at a value of approximately 98.4 million dirhams.

Abu Dhabi market.

The FTSE Abu Dhabi Market Index, “Fadji”, increased by 0.36%, or the equivalent of 34.6 points, to close at 9457.16 points, while the Abu Dhabi Market Index, “Fadx 15”, increased by 0.31%, or the equivalent of 29.16 points, to close at 9325.28 points.

The performance of the Abu Dhabi market was enhanced by the rise in the shares of “Aldar Properties” by 3.35%, “Abu Dhabi Commercial” by 3.12%, “ADNOC Gas” by 3.04%, “Abu Dhabi Islamic” by 2%, “Abu Dhabi Distribution” by 1.69%, “Yahsat” by 1.16%, and “ Abu Dhabi Ports” 1.15%, “First Abu Dhabi” 0.93%, and “ADNOC Drilling” 0.53%.

And “Al-Alamiya Holding” acquired the largest share of trading in the Abu Dhabi market, attracting liquidity of about 307.9 million dirhams, and closed up by 0.03% at the level of 395.1 dirhams, followed by “ADNOC Gas” with a liquidity of 183.8 million dirhams, then “Al-Faba” with a liquidity of 104.8 million dirhams.

– Dubai market..

The general index of the Dubai Financial Market rose by 1.74%, or the equivalent of 58 points, which is the largest pace of daily gains since last October, to close at a level of 3384.41 points.

Supporting the gains of the Dubai market, the shares of “Dubai Islamic” rose 4.9%, “Emaar Properties” rose 4.8%, “Emirates NBD” rose 2.76%, “Emaar Development” rose 1.3%, “Dewa” rose 1.22%, “Empower” rose 1.8%, and “Tecom” 2.17%, Dubai Investments 0.43%, and Salik 1.04%.

“Emirates NBD” topped the activity, attracting liquidity of about 116.9 million dirhams, followed by “Emaar Properties”, attracting about 105.5 million dirhams, then “Dubai Islamic”, attracting more than 69.4 million dirhams.