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Capital markets continue to rise … and 17.5 billion dirhams are recording market – economy – local gains

The local financial market indicators continued their bullish path for the second day in succession, as it ended the second session of the week, trading, with market gains for listed shares amounting to 17.5 billion dirhams, while liquidity exceeded 1.1 billion dirhams.

The general index of the Dubai Financial Market rose by 2.1%, while its counterpart in the capital market reached a new record level, which is the highest since 2005, up by 1.17% at 5824 points.

Dubai Financial

According to the data of the two markets, the Dubai Financial Market closed today up by 2.1%, at 2553 points, with trades totaling 212 million dirhams.

Shares of 21 companies rose out of 29 companies whose shares were traded, while shares of six companies declined, and the shares of two companies remained steady.

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In turn, the share of «Union Real Estate Company» closed up 1.9% at 0.27 dirhams, and in turnover nearly 34 million shares, while the share of «Emaar Properties» rose by 2.9% at 3.55 dirhams, and trading exceeded 11 million shares.

The share of «Amlak Finance» rose by a maximum rate of 0.25 dirhams, and in transactions close to 16 million shares, while the share of «DAMAC Properties» rose by 14% at 1.29 dirhams, and by trading more than 13 million shares.

As for the share of “Dubai Islamic”, it decreased by 0.7% at 4.54 dirhams, and in transactions that exceeded eight million shares, while the share of “Emirates NBD” rose 2.7% at 11.3 dirhams, with transactions exceeding 2 million shares.

“Deyaar Development” was the most heavily traded share, and rose by 6.2% to 0.27 dirhams, with transactions that exceeded 35 million shares.

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Abu Dhabi Securities

In the capital market, the general index of the Abu Dhabi Securities Exchange increased by 1.17% at 5824 points, with trades amounting to a total of 893 million dirhams.

The share of “Global Holding” closed up by 3.3% at 61.5 dirhams, and in transactions that exceeded four million shares, while the share of “Julphar” rose by a maximum of 1.43 dirhams, and with transactions exceeding 108 thousand shares, and the share of “ADNOC Distribution” rose by 3.7% at 4.54. Dirhams, and trading nearly 21 million shares.

In turn, the share of “Dana Gas” rose by 1.2% at 0.79 dirhams, and in transactions that exceeded 26 million shares, while the share of “Abu Dhabi First” rose 0.14% at 14.4 dirhams.

Major stocks

The expert in financial markets, Dean Kanaan, told “Emirates Today”, that trading volumes rose, as well as indices, with the support of the main stocks, some of which rose by the maximum in both markets, pointing out that small stocks had a share of increases, which gave positive indications to investors. .

Kanaan added that the Abu Dhabi Securities Market is clearly supported by the “market maker” and “institutional investment”, in addition to the fact that stocks have started to recover after the distributions, indicating that other stocks recorded noticeable increases in the medical sector, after the announcement of the launch of a line to produce the vaccine. Corona virus.

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