The local financial markets reversed their direction yesterday, after nearly two hours of quiet trading, which they controlled, before they regained their activity, and continued the rise that started from the first day of Ramadan.
With the markets continuing their green march, the market value of shares of traded companies gained about 5.7 billion dirhams in yesterday's session, which raised the total gains during three Ramadan sessions to approximately 32.5 billion dirhams.
The appetite for trading continued at good levels, violating many expectations of its decline during the month of Ramadan, as the value of transactions concluded in the Abu Dhabi Securities and Dubai Financial Markets reached about 450 million dirhams, while the number of shares traded reached 636 million shares, executed through 10 thousand and 740 transactions .
Yesterday, the general index of Abu Dhabi market bounced back, up 4220 points, an increase of 1.21%, while the general index of the Dubai Financial Market grew by 0.58%, reaching the level of 1997 points. The shares of Emaar in the Dubai Financial Market continued to rise by 2.71 dirhams, while Dubai Islamic Bank rose to 3.62 dirhams, Ajman Bank 61 fils, and the Union Real Estate 31 fils.
The value of deals concluded in the Abu Dhabi and Dubai markets amounted to 450 million dirhams.