Local stocks consolidate their gains, gaining 39.4 billion dirhams in a week

Abu Dhabi, April 14: The local stock markets consolidated their gains, and their market capitalization amounted to more than 39.4 billion dirhams during last week’s trading, supported by the improvement in investor sentiment with the companies announcing their quarterly results for the first quarter of this year.
The market capital of listed shares rose from 3.29 trillion dirhams at the end of last week to 3.329 trillion dirhams by the end of today’s session, distributed by 2.717 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 612.2 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity of about 7.4 billion dirhams, distributed by 5.6 billion dirhams in the Abu Dhabi market and 1.79 billion dirhams in the Dubai market, and about two billion shares were traded through the implementation of more than 96 thousand transactions.
Abu Dhabi market.
The Abu Dhabi market indices rose at the largest weekly pace in 6 months, with the FTSE Abu Dhabi Market index “Fadji” rising by 1.7%, or the equivalent of 161.36 points, to close at 9623.05 points, while the Abu Dhabi Market index, “Vadex 15”, increased by 1.73%, or the equivalent of 161.7 points. To close at 9488.84 points.
The performance of the Abu Dhabi market was enhanced by the rise in the shares of “Aldar Properties” by 7.05%, “Abu Dhabi Islamic” by 6.53%, “Abu Dhabi Commercial” by 5.9%, “ADNOC Distribution” by 3.3%, “Agthia” by 3.02%, “Alfa Abu Dhabi” by 2.76%, and “A & A”. 2.18%, “First Abu Dhabi” 1.7%, “ADNOC Gas” 1.32%, “Abu Dhabi Ports” 1.12%, and “International Holding” 0.89%.
And “Al-Alamiya Holding” acquired the largest share of trading in the Abu Dhabi market during the week, attracting liquidity of about 1.39 million dirhams, followed by “Al-Fada Abu Dhabi” with a liquidity of 604.8 million dirhams, then “Al-Dar Properties” with a liquidity of 316.2 million dirhams, and “Multiplay” with a liquidity of 265.7 million dirhams. Abu Dhabi” 236.3 million dirhams.
– Dubai market..
The general index of the Dubai Financial Market rose by 2.3%, or the equivalent of 77.3 points, which is the largest weekly gain in 7 months, to close at 3491.93 points, its highest level since last September 20.
Supporting the gains of the Dubai market, the shares of “Emaar Properties” rose 6.36%, “Dubai Islamic” 1.32%, “DEWA” 1.63%, “Dubai Financial Market” 11.6%, “Dubai Investments” 2.1%, “Emaar Development” 5.03%, and “Air Arabia” 2.83%, Aramex 2.5%, and Tecom 0.42%.
“Emaar Properties” topped the activity, attracting liquidity of about 456.3 million dirhams, followed by “Ajman Bank” that attracted about 235.9 million dirhams, then “Dubai Financial Market” that attracted more than 152.1 million dirhams.