Local financial markets strengthened their gains at the end of trading yesterday, Thursday, the fourth session of the week, as their market capital gained about five billion dirhams amid investors’ trend towards leading companies with the end of the first half of this year’s earnings season.
The market value of local stocks rose from 3.519 trillion dirhams to 3.524 trillion dirhams at the end of Thursday’s trading session, distributed between 2.812 trillion dirhams for the Abu Dhabi Securities Market, and 712.3 billion dirhams for the Dubai Financial Market.
The Dubai Financial Market index rose by 0.15%, or 5.26 points, to reach 4,218.68 points, settling above the 4,200-point level, for the second consecutive session.
The FTSE Abu Dhabi Securities Exchange General Index (FADGI) rose by 0.12%, closing at 9,236.95 points at the end of yesterday’s session.
Local stocks attracted liquidity of more than 1.17 billion dirhams during Thursday’s trading, after trading about 379.95 million shares through the execution of 26,280 transactions.
In the Dubai Financial Market, the most active stock was Emaar Properties, attracting liquidity of about AED 35.36 million, closing up 0.24% at AED 8.3, followed by Parkin with liquidity of AED 26.75 million, closing at AED 3.47, a growth of 2.36%.
In turn, Emirates NBD shares attracted AED 14.63 million to close at AED 19.7, up 1.023% to reach its highest level since listing.
On the Abu Dhabi Securities Exchange, the “Global Holding” share captured the largest share of trading with a liquidity of AED 183.47 million, and closed at AED 405.9, down by 0.02%, followed by the “ADNOC Drilling” share, attracting about AED 89.81 million, closing down by 0.87% at AED 4.57, then the “ADNOC Distribution” share, attracting AED 51.1 million, closing up by 2.36% at AED 3.47, then the “ADNOC Gas” share, attracting AED 42.4 million, also closing up by 1.58% at AED 3.22.
Follow our latest local and sports news, and the latest political and economic developments via Google News
