Local stocks add 29 billion dirhams to their market capitalization

Local stock markets added about 29 billion dirhams in gains to their market capitalization in three sessions of this week (Monday, Tuesday, and Wednesday), supported by traders’ focus on blue-chip stocks. The market value of stocks rose from 3.666 trillion dirhams, at the end of last week, to more than 3.695 trillion dirhams at the end of yesterday’s trading session, distributed by 2.904 trillion dirhams for the Abu Dhabi market. Securities, and 791.54 billion dirhams for the Dubai Financial Market, and the Dubai Market Index rose 1.73%, equivalent to 81.43 points, to the level of 4805.07 points at the end of yesterday’s trading, from the level of 4723.64 points at the end of last week.