Media ININ Economy We Trust
The shares of 20 companies listed on the Abu Dhabi and Dubai Financial Markets recorded strong jumps in the first quarter of this year, reaching a peak of 66.9% for «Gulf Navigation», and were distributed in more than one sector, including finance, energy, real estate, industry and utilities, and collectively acquired modest liquidity at 8 billion dirhams, distributed at 5.13 billion dirhams for 10 companies in the Dubai market, and 3 billion dirhams for 10 companies in Abu Dhabi.
The largest share of the liquidity was for the shares of “ADNOC Drilling” in the Abu Dhabi market, and “Salik” in the Dubai market, with a total of 2.77 billion dirhams, or 34% of the liquidity of the 20 companies’ shares, distributed by 1.47 billion dirhams to “ADNOC Drilling”, which rose 32.5%. At a price of 3.95 dirhams, and “Salik”, up 16.5%, to the level of 2.89 dirhams, through transactions of 1.3 billion dirhams.
