Variation in the closings of UAE stocks at the beginning of the week… and large deals of 259 million dirhams on “Ishraq” and “Education”

The performance of UAE stocks varied at the end of the early week session, Monday. While the Dubai Financial Market index rose 0.06% and closed at 3543.6 points, the Abu Dhabi Securities Market index fell 0.47% to close at 9261.57 points.

The Dubai Financial Market launched future contracts on its general index (DFMGI), which includes the largest and most liquid companies listed on the Dubai Financial Market. The listing and trading of futures contracts on the general index began today.

Gulf Navigation shares closed, up 7.4%, to 4.2 dirhams, with a liquidity of 165.6 million dirhams, after it rose to the maximum during the session to 4.48 dirhams.

The markets witnessed 5 large deals with a value of 259 million dirhams, including 4 deals on the share of “Ishraq” company in the Abu Dhabi market, at a value of 131.5 million dirhams, on 226.78 million shares, at a price of 0.58 dirhams per share, and one deal on “Taleem Holding” in the Dubai market, with a value of 127.5 million. Dirham executed on 50 million shares, at a price of 2.55 dirhams per share.

In Abu Dhabi, Aldar Properties announced its acquisition of the “Basateen” company, which specializes in landscaping, at a value of 150 million dirhams, in which Aldar will own a majority stake of 75%, while a strategic partner will own the remaining 25% stake. Aldar shares closed up 0.19% at 5.14 dirhams.