Local stocks gained 59 billion dirhams within a week, supported by record profits for banks

Abu Dhabi, April 28: The local stock markets consolidated their gains during the current week’s trading, and their market capitalization amounted to more than 59 billion dirhams over the course of 5 sessions, with successive announcements of record profits for the first quarter of this year by listed banks.
The market capital of listed shares rose from 3.364 trillion dirhams at the end of last week to 3.423 trillion dirhams at the end of today’s session, distributed by 2.801 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 622.2 billion dirhams for shares listed on the Dubai Financial Market.
The shares succeeded in recording market gains of about 14 billion dirhams at the end of today’s session, distributed by 10.5 billion dirhams for the Abu Dhabi Securities Market and 3.44 billion dirhams for the Dubai Financial Market.
Abu Dhabi market.

The FTSE Abu Dhabi General Market Index, “Fadji”, rose during the week by 1.61%, or the equivalent of 155.4 points, to close at 9789.17 points, while the Abu Dhabi Market Index, “Fadx 15”, increased by 1.62%, or the equivalent of 153.7 points, to close at 9660.21 points, and the two indices achieved their highest levels. Since last March 10.
Supporting the weekly gains of the Abu Dhabi market, the shares of “ADNOC Drilling” increased by 10%, “Abu Dhabi Ports” by 7.7%, “First Abu Dhabi” by 6.3%, “Multiple” by 5.66%, “ADNOC Gas” by 4.9%, “Abu Dhabi Islamic” by 4.41%, and “Abu Dhabi Islamic” by 4.41%. A& 2.65%, TAQA 2.2%, ADNOC Distribution 1.86%, and Aldar 1.31%.
“Al-Alamiya Holding” topped the activity during the week, with a liquidity of more than 1.2 billion dirhams, followed by “ADNOC Gas”, attracting liquidity of 572.1 million dirhams, then “Al-Faba Holding” attracting about 485.3 million dirhams, and “Multiplay” 399.4 million dirhams.
Dubai market.

The Dubai General Market Index rose during the week by 2.13%, or the equivalent of 74 points, to close at 3,544.79 points, reaching its highest level since last May 10.
The performance of the Dubai weekly market was strengthened by the rise in the shares of “Dubai Islamic” by 4.5%, “Emirates NBD” by 6.8%, “Dewa” by 4.2%, “Empower” by 2.97%, “Air Arabia” by 1.86%, “Salik” by 4.9%, and “Tecom”. 3.86%, Tabreed 3.5%, and Du 1%.
And “Emaar Properties” acquired the largest share of trading during the week, after it attracted more than 372.2 million dirhams of liquidity, followed by “Emirates NBD”, which attracted about 242.4 million dirhams, then “Dubai Islamic” with a liquidity that exceeded 178.5 million dirhams.