Abu Dhabi market gains 5.8 billion dirhams, supported by strong corporate profits

Abu Dhabi, February 14 / The Abu Dhabi Securities Market consolidated its gains at the close of trading today, and its market capitalization amounted to approximately 5.8 billion dirhams, supported by companies announcing strong profits and generous distributions for the year 2022.
The Abu Dhabi Securities Market indices closed in the green zone with the growth of the Abu Dhabi Market Index, “Fadex 15”, by 0.1%, to close at 9941.5 points, while the FTSE Abu Dhabi General Market Index, “Fadji”, increased by 0.1%, to reach the level of 10,020.37 points.
The Dubai General Market Index reached the level of 3459.1 points, while it was exposed to profit-taking operations, after rising for 9 consecutive sessions, recording the longest series of daily gains since December 2021.
The market capital of listed shares rose from 3.139 trillion dirhams at the end of yesterday’s session to 3.144 trillion dirhams at the end of today’s session, distributed by 2.543 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 601.08 billion dirhams for shares listed on the Dubai Financial Market.
Local stocks attracted liquidity of about 1.58 billion dirhams, distributed by 1.29 billion dirhams in the Abu Dhabi market and 283.9 million dirhams in the Dubai market, and about 345.8 million shares were traded through the implementation of more than 16 thousand transactions.
Abu Dhabi market.
The performance of the Abu Dhabi market was strengthened by the rise of “Al Alamiah Holding” by 0.25%, “Multiple Play” by 1.3%, “Abu Dhabi Commercial” by 0.56%, “Aldar Properties” by 0.21%, and “Abu Dhabi Ports” by 0.17%. “TAQA” rose 0.95% as the company announced strong annual profits and its board of directors proposed the fourth and final installment of cash dividends for the fiscal year 2022, at a value of 3.3 fils per share, with a total of 3.713 billion dirhams.
“Fertiglobe” increased 0.49%, with the company announcing a dividend for the second half of last year, at a value of $700 million, to be paid in April 2023, while “Abu Dhabi National Insurance” rose 3.35%, with the company announcing that it had achieved net profits of about 377.9 million dirhams in 2022.
“Al-Alamiya Holding” topped the activity, attracting liquidity of more than 320.9 million dirhams, followed by “Al-Afa Abu Dhabi” with a liquidity that exceeded 121.8 million dirhams, then “Virtiglobe”, attracting about 106.9 million dirhams.
– Dubai market..
In the Dubai market, “Emaar Properties” rose 0.34%, “Dubai Islamic” 0.17%, “Shuaa Capital” 2.1%, “Aramex” 0.84%, “Salik” 0.38%, and “Tecom” 0.43%. “Emaar Properties” topped the activity, attracting liquidity of about 104.08 million dirhams, and closed at 5.77 dirhams, followed by “Air Arabia” with a liquidity of 54.6 million dirhams and closed at 2.31 dirhams, then “Emirates National Dubai” that attracted 22.6 million dirhams and closed at 13.6 dirhams.