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Abu Dhabi, April 12: The local stock markets consolidated their gains for the third consecutive session, and their market capitalization gained nearly 12 billion dirhams at the end of today’s session, with the Dubai market rising to its highest level in 7 months.
The market capital of listed shares rose from 3.305 trillion dirhams at the end of yesterday’s session to 3.317 trillion dirhams at the end of today’s session, distributed by 2.704 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 612.7 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity of about 1.65 billion dirhams, distributed by 1.17 billion dirhams in the Abu Dhabi market and 484.6 million dirhams in the Dubai market, and about 466.8 million shares were traded through the implementation of more than 22.9 thousand transactions.
Abu Dhabi market.
The FTSE Abu Dhabi Market Index, “Fadji”, increased by 0.4%, or the equivalent of 37.8 points, to close at 9,548.83 points, while the Abu Dhabi Market Index, “Faddex 15”, increased by 0.36%, or the equivalent of 33.7 points, to close at 9,415.03 points.
The performance of the Abu Dhabi market was enhanced by the rise in the shares of “Abu Dhabi Commercial” by 3.63%, “ADNOC Distribution” by 2.62%, “Americana” by 2.08%, “A&” by 1.29%, “Al-Dar” by 1.24%, “ADNOC Gas” by 1%, and “First Abu Dhabi”. 0.61% and Borouge 0.38%.
And “Al-Alamiya Holding” acquired the largest share of trading with a liquidity of about 308 million dirhams, followed by “Al-Fazaa Abu Dhabi”, attracting about 111.3 million dirhams, then “Al-Dar Properties” and “Abu Dhabi Ports” with a liquidity of 55.6 million dirhams and 49.3 million dirhams, respectively.
Dubai market.
The general index of the Dubai Financial Market rose by 1.52%, or the equivalent of 52.3 points, which is the largest daily gain pace since the end of March, to close at 3496.52 points, its highest level since last September 20.
Supporting the gains of the Dubai market, the shares of “Emaar Properties” rose 3.5%, “Emaar Development” 2.3%, “Dubai Islamic” 1.32%, “Dubai Financial Market” 3.84%, “Dubai Investments” 3.8%, “Air Arabia” 0.46% and “ Aramex 1.58%, Salik 1.39%, Empower 0.6% and Tabreed 0.7%.
“Emaar” topped the activity, attracting liquidity of about 127.5 million dirhams, followed by “Ajman Bank”, attracting about 100.18 million dirhams, then “Emirates National Dubai”, attracting more than 34.5 million dirhams.
Reda Abdel Nour / Ramy Samih
