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Concentrated liquidity led the gains of the shares of 4 companies in the UAE markets in the middle of Thursday’s session, namely: “Taleem Holding” and “Emirates NBD” in the Dubai market, and the “Ras Al Khaimah Real Estate” and “VirtGlobe” companies in Abu Dhabi, to acquire a combined liquidity of 257 million. dirhams, which is equivalent to 23% of the total liquidity in the two markets.
The share of “Taleem Holding” topped the Dubai market liquidity with a value of 54 million dirhams, up by 3.89% at the level of 4 dirhams, and “Emirates NBD” attracted liquidity with 53 million dirhams, up 2.14% to the level of 16.7 dirhams, in conjunction with a jump in the bank’s profits by 130% to 12.3 billion dirhams in the first half of this year.
In the Abu Dhabi market, trading was active on “Ras Al Khaimah Real Estate” by more than 80 million dirhams, as a result of which the stock rose 5.61% to the level of 1.13 dirhams, and “VirtGlobe” rose 3.9% to the level of 3.74 dirhams, reaping liquidity of 70 million dirhams.
Other shares rose in the two markets, including “Emaar Properties” by 0.3%, “ANOC Gas” by 0.5%, “Amlak” by 3%, and “Manazil Real Estate” by 4.7%.
In terms of general market indices, the Dubai market fell 0.3% at 4026.58 points, while the Abu Dhabi market index held steady at 9765 points.
The liquidity of the two markets in the middle of Thursday’s session amounted to 1.13 billion dirhams, of which 758.4 million dirhams were in the Abu Dhabi market, and 373.3 million dirhams in the Dubai market.
