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AED 3.8 billion local shares gains in midweek

2019-08-26T22:06:59.862Z

Local financial markets regained their bullish trajectory during the mid-week session, after taking profits from the previous day, and the market capitalization of shares traded on the Abu Dhabi and Dubai Financial Markets gained about 3.8 billion dirhams at the close of trading.



Local financial markets regained their bullish trajectory during the mid-week session, after taking profits from the previous day, and the market capitalization of shares traded on the Abu Dhabi and Dubai Financial Markets gained about 3.8 billion dirhams at the close of trading.

The activity witnessed by most sectors contributed to the return of green to the displays, but the biggest support for the markets came from the banking and real estate sectors, in addition to the contacts that witnessed institutional purchases, which increased the gains of the markets.

The Abu Dhabi Securities Exchange (ADX) index succeeded in returning to the level of 4997 points, up by 0.58%.

Institutional purchases executed during the two markets supported the volume of liquidity traded, with deals valued at AED 290 million, while the number of shares traded reached 127 million shares executed through 4916 transactions.

Emaar rose on the Dubai market to 4.85 dirhams, while Dubai Islamic Bank rose to 5.06 dirhams.

In Abu Dhabi, First Abu Dhabi Bank rose to AED 14.9, Abu Dhabi Commercial Bank closed at AED8 and Abu Dhabi Islamic Bank at AED 4.98.

Source: emara

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