Stocks gain 8.4 billion dirhams, and the Dubai market climbs to its highest level in 3 weeks

Abu Dhabi, March 29: Local stock markets consolidated their market gains for the second consecutive session at the end of today’s session, and their market capitalization gained nearly 8.4 billion dirhams, with the Dubai market reaching its highest level in 3 weeks.

The market capital of listed shares rose from 3.286 trillion dirhams at the end of yesterday’s session to 3.294 trillion dirhams at the end of today’s session, distributed by 2.698 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 595.8 billion dirhams for shares listed on the Dubai Financial Market.

Local shares attracted liquidity of about 1.78 billion dirhams, distributed by 1.4 billion dirhams in the Abu Dhabi market and 367.3 million dirhams in the Dubai market, and about 434.3 million shares were traded through the implementation of more than 24 thousand transactions. And 10 large deals were executed on “ADNOC Gas” for about 15.8 million shares, at a value of approximately 37.5 million dirhams.

Abu Dhabi market.

The main Abu Dhabi market indices closed almost stable, with the FTSE Abu Dhabi Market index “Fadji” reaching the level of 9455.81 points, while the Abu Dhabi Market index “Fadex 15” reached the level of 9314.54 points.

Shares of “ADNOC Drilling” rose 2.65%, “Americana” 2.56%, “Abu Dhabi Ports” 2.27%, “Burjeel” 1.86%, “Abu Dhabi Commercial” 1.72%, “VertiGlobe” 1.53%, “Yahsat” 1.15%, and “Multiplay”. 0.92%, Aldar Properties 0.86%, and Abu Dhabi Islamic Bank 0.41%.

And “Al-Alamiya Holding” acquired the largest share of trading in the Abu Dhabi market, attracting liquidity of more than 271 million dirhams, and closed up by 0.03% at the level of 395.2 dirhams, followed by “Al-Fathi” with a liquidity of 114.9 million dirhams, and rose by 3.29%, then “ADNOC Gas”, attracting About 111.3 million dirhams.

– Dubai market..

The general index of the Dubai Financial Market increased by 0.48%, or the equivalent of 16.3 points, to close at the level of 3400.67 points, reaching its highest level since last March 9, and continuing its gains for the second consecutive session.

Supporting the gains of the Dubai market, the shares of “Emirates NBD” rose 2.3%, “Dubai Islamic” 0.19%, “Dubai Financial Market” 1.6%, “Emaar Development” 0.36%, “Dubai Investments” 0.86%, “Air Arabia” 0.95% and “Aramex” 0.3%, “Salik” 1.37%, and “Empower” 2.38%.

“Emaar Properties” topped the activity, attracting liquidity of more than 93.1 million dirhams, then “Emirates NBD” with a liquidity exceeding 67 million dirhams, followed by “Dewa”, attracting about 39.1 million dirhams.