Local stock markets attracted liquidity exceeding 1.56 billion dirhams at the end of the last trading sessions of the week yesterday (Friday), with “International Holding” and “Union Properties” topping the trades. Liquidity was distributed at 917.42 million dirhams on the Abu Dhabi Securities Market, and 646.89 million dirhams on the Dubai Financial Market, after 891.64 million shares were traded, through the implementation of more than 34.95 thousand transactions.
At the end of trading, the Dubai Financial Market returned to daily gains, bringing its market capitalization to more than 8.23 billion dirhams, supported mainly by the gains of leading stocks in the real estate and financial sectors.
The market capitalization of shares listed on the Dubai Financial Market increased from 793.24 billion dirhams, at the end of Thursday’s session, to more than 801.47 billion dirhams at the end of yesterday’s session, exceeding the level of 800 billion dirhams, for the first time ever, while the market value of the Abu Dhabi Securities Market reached Finance amounted to about 2.911 trillion dirhams, and the market capitalization of listed shares reached 3.71 trillion. AED at the end of yesterday’s session.
The Dubai Financial Market Index rose by 0.7% to 4,854.45 points, while the Abu Dhabi General Market Index (FADGI) declined by 0.11% to 9,266.31 points.
The most traded stock was “Union Properties” stock, up by 9.46% at 0.428 dirhams, with trades approaching 131.02 million dirhams, followed by “Parkin” stock with liquidity amounting to 98.74 million dirhams, after it fell by 1.91% to 4.61 dirhams, and “DEWA” stock increased. By 2.57%, amounting to 2.79 dirhams With liquidity amounting to 71.36 million dirhams, the shares of “Emaar Properties” rose by 1.042%, reaching 9.7 dirhams, with liquidity amounting to 59.1 million dirhams.
In Abu Dhabi, the shares of “International Holding” fell by 0.05%, with liquidity of 178.13 million dirhams, and the shares of “Abu Dhabi Islamic Bank” fell by 1.4%, with liquidity amounting to 79.67 million dirhams. Alpha Dhabi shares declined 1.8%, recording liquidity amounting to 65.26 million dirhams, while Multiplay Group shares also rose by 5.05%, with liquidity amounting to 59.86 million dirhams.
The financial advisor, Mahmoud Atta, confirmed that “the local financial markets, especially the Dubai market, witnessed a positive start since the beginning of this December’s trading, benefiting from the wave of optimism that prevailed among investors following the announcement of the strong financial results of listed companies for the first nine months of 2024.” . He pointed out that this positive performance increased the state of balance and relative stability in investment trends in the local financial markets.
He pointed out that the observed activity in trading was driven by tactical moves by various segments of investors to restructure investment positions in preparation for the dividend season, which led to a recovery in blue-chip, medium-sized and small-cap stocks alike.
. Local stocks attract liquidity worth 1.56 billion dirhams.
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