Media ININ Economy We Trust
Media In – Abu Dhabi March 15, 2018 and WAM
UAE stock markets ended their trading on the last day of the week on the green box supported by smart buying focused on a segment of leading stocks, especially listed in the real estate and banking sectors.
The market capitalization of the traded companies gained about 3 billion dirhams at the end of the session.
The general index of Dubai Financial Market rose by 0.95% to 3197 points, while the general index of the Abu Dhabi Securities Market at 4593 points, a growth of 0.52% compared to the previous day.
Market rebates were good after the profit taking since the beginning of the week, but continuing to climb requires increased liquidity to levels where stocks and indexes can boost gains in the coming days, market brokers said.
Shares in the real estate sector listed on the Dubai Financial Market continued to support the general index. Emaar rose to 5.88 dirhams, followed by Emaar Properties up 5.10 dirhams and Emaar muls to 2.14 dirhams. In the banking sector, Rising to 5.43 dirhams.
On the Abu Dhabi Securities Exchange, support came from Abu Dhabi’s first rising stock to AED11, and Dar Real Estate closed at AED2.25 with good liquidity.
In terms of liquidity, the value of transactions in the two markets reached AED 591 million and the number of shares traded reached 255 million shares executed through 4252 transactions.
