Dubai Financial rose for the seventh consecutive session

The market value of shares exceeds one trillion dirhams for the first time in its history

Dubai Financial Market rose by 0.99% at 2,247 points. Archives

Yesterday, local financial markets continued their upward performance, especially the Dubai Financial Market, which recorded gains for the seventh session in a row, bringing the total market value of companies listed in both markets to one trillion and 10 billion dirhams for the first time in their history, including 312.9 billion dirhams for companies listed in «Dubai. Financial », and 697.5 billion for companies listed on the Abu Dhabi Stock Exchange.

The shares, which were dealt on, yesterday, received market gains of 11.7 billion dirhams, while the value of transactions reached 842 million dirhams in both markets.

The Dubai Financial Market closed yesterday, up by 0.99% at 2,247 points, with trades totaling 345 million dirhams.

Shares of 15 companies out of the 30 companies that were traded rose, while the shares of 14 companies decreased and one company remained unchanged.

Emaar Properties rose 1.7% at 2.93 dirhams, and traded nearly 26 million shares, while the share of Deyaar Development rose 0.7% at 0.29 dirhams, and traded nearly 15 million shares.

The most actively traded stocks were Union Real Estate, up 2.3% at 0.32 dirhams, and trading nearly 159 million shares. The Abu Dhabi Securities Market index also closed, up by 1.24% at 4,500 points, with trades totaling 497 million dirhams. Ishraq Real Estate fell 0.2% to 0.43 dirhams, and traded nearly 18 million shares. Shares of energy rose 1.9% at 1.6 dirhams, and in transactions of nearly 13 million shares, while Abu Dhabi Islamic shares rose 4.5% at 3.98 dirhams, and in transactions that exceeded 13 million shares.

The value of transactions amounted to 842 million dirhams in both markets.

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