The positive behavior of investors during the first day of Ramadan was reflected in the movement of the UAE financial markets, which continued to rise strongly, which strengthened the gains of the market value of shares of traded companies by about 19.3 billion dirhams at the end of the session.
Contrary to expectations, the markets opened Sunday's trading session on the rise amid continued improvement in the appetite for trading at the beginning of the month of Ramadan, which contributed to the rise of a large segment of shares to unpredictable price levels.
And the general index of Abu Dhabi Securities Market increased by almost 3% to reach 4181 points, while the general index of the Dubai Financial Market jumped 3.5%, closing at 1956 points, bringing it close to exceeding the barrier of 2000 points that it abandoned last March.
And with the continued improvement in trading appetite, especially by local investors, the value of transactions concluded in the Abu Dhabi and Dubai financial markets reached about 460 million dirhams, and the number of shares traded reached 493 million shares executed through 8145 transactions.
It is clear from monitoring the movement of shares at the level of markets that the banking sector continues to lead the activity in the Abu Dhabi Stock Exchange after the first Abu Dhabi Bank shares rose to 11.6 dirhams, followed by the shares of Abu Dhabi Commercial Bank to 4.58 dirhams and Abu Dhabi Islamic Bank to 3.44 dirhams while Aldar shares to 1.63 dirhams.
And in the Dubai Financial Market, real estate shares continued to provide support for the general index after Emaar’s share rose to 2.60 dirhams, and Emaar Development joined it to 2.21 dirhams… while Emaar Malls ’share rose to the level of 1.24 dirhams .. In the banking sector, Dubai Islamic Bank’s share rose to 3.51 dirhams.