Abu Dhabi market gains 7.8 billion dirhams in a week, with the support of “Finance” shares

Abu Dhabi on September 1st

The Abu Dhabi Securities Market strengthened its gains during this week’s trading, with its market capitalization gaining more than 7.8 billion dirhams, supported by gains in leading stocks in the “financial” sector.
The market capitalization of stocks listed on the Abu Dhabi and Dubai markets rose from 3.533 trillion dirhams at the end of last Friday to 3.54 trillion dirhams at the end of today’s session, distributed by 2.852 trillion dirhams for stocks listed on the Abu Dhabi Securities Market and 689 billion dirhams for stocks listed on the Dubai Financial Market.
Local stocks attracted liquidity of more than 6.7 billion dirhams over the course of the week, distributed by 5 billion dirhams in the Abu Dhabi market and 1.7 billion dirhams in the Dubai market. About 1.67 billion shares were traded through the implementation of more than 97.5 thousand transactions.

-Abu Dhabi Market..

The Abu Dhabi Market Index “Fadex 15” rose by 0.18%, or 16.7 points, to close at 9,472.02 points, while the FTSE Abu Dhabi General Market Index, “Fadji”, increased by 0.22%, equivalent to 21.3 points, to close at 9,786.63 points. The financial sector index rose by 0.54%, industry by 0.58%, and services by 1.47%.

The performance of the Abu Dhabi market was enhanced by an increase in the shares of “International Holding” by 1.57%, “Taqa” by 1.47%, and “Al-Dhabi” by 0.61%. The shares of “Americana” also rose by 4.5%, “Bayanat” by 0.94%, and “Marine Dredging” by 4.6%. “International Holding” led the activity, attracting liquidity of about 1.09 billion dirhams, followed by “Multiplay”, attracting more than 593.5 million dirhams, then “Al-Fadhabi” and “Q Holding” with liquidity of 569.6 million dirhams and 222.4 million dirhams, respectively.

-Dubai market..

The general index of the Dubai Financial Market closed at 4,090.04 points amid variation in the performance of sectoral indices, as real estate rose 1.52%, communications rose 0.19%, and services rose 0.93%. Among the winning stocks in the Dubai market were “Emaar Properties” by 2.6%, “Emaar Development” by 1.71%, “Dewa” by 0.78%, “Empower” by 1.6%, “Tabreed” by 0.54%, and “Du” by 0.2%.

Emirates NBD accounted for the largest share of trading, with liquidity exceeding 355 million dirhams, followed by Emaar Properties, attracting more than 341.3 million dirhams, then Gulf Navigation with about 165.9 million dirhams.