Shares earn AED 5 billion with support from Aldar and Ammar

Media In – Abu Dhabi, March 21, 2018
The UAE stock markets recorded strong activity during today’s session, supported by the announcement of the strategic partnership agreement between Aldar and Ammar, the two largest companies operating in the real estate sector, and the market value of shares traded at the end of transactions amounted to about 5 billion dirhams.
The biggest support in the two markets came from Aldar, Ammar and Hualam, which reflected positively on the rest of the shares, which took a gradual rise and achieved good gains at the end of trading.
The general index of Dubai Financial Market rose by 0.75% to reach 3206 points, while the general index of the Abu Dhabi Securities Market at 4566 points, a growth of 0.91% compared to the previous day.
Emaar rose to 6.07 dirhams, followed by Emaar Properties to 5.46 dirhams and Emaar Properties closed at 2.22 dirhams. Union Properties also rose to 88 fils, Arabtec to 2.38 dirhams and Drake & Scull to 1.82 dirhams.
On the Abu Dhabi Securities Market, Aldar jumped to AED2.22 with gains of more than 4%. Abu Dhabi First Bank also gained AED 11.30.
In terms of liquidity, the value of transactions reached 413 million dirhams and the number of shares traded 204 million shares carried out through 3587 transactions.
As for the price index movement, shares of 27 companies were closed on the profitability of the total shares of 64 companies traded today, and the prices of shares of 25 companies did not change the prices of shares of 12 companies