UAE stock markets gain AED 6.2 billion at the beginning of the week

21-04-2019 Media in\ Abu Dhabi
UAE stock markets continued to rise with the start of trading on the first day of this week, which boosted the market value of traded shares by AED 6.2 billion.
Support for the markets came from continued institutional buying from foreign and local portfolios, driven by excellent financial results announced by an important segment of leading companies in the markets.
The general index of the Abu Dhabi Securities Market rose to a level of 5346 points, up 1.03%, while the general index of the Dubai Financial Market closed at 2820 points, a growth of 0.24% compared to Thursday’s session.
Institutional purchases have contributed to the increase in liquidity volume, raising the average daily turnover to over 300 million dirhams since the beginning of this year.
Emaar rose to AED 4.97, Arabtec rose to 2.26 dirhams while Deyaar climbed 39 fils by 3.7%.
Abu Dhabi Securities Exchange (ADX) was the most active stock at AED 16.38 and ADCB closed at AED 9.79, ADIB was AED 4.87 and Aldar was up AED 1.91.
In terms of liquidity, the value of transactions reached about 316 million dirhams and the number of shares traded to 266 million shares carried out through 3900 transactions.