3.1 billion dirhams, net investment of citizens in shares until the end of August

Financial markets end the first day of September trading on "Al-Akhdar"

The UAE financial markets ended their first day of trading in September on the green square, amid continued trading liquidity at high levels that pushed the general indices in the Dubai Financial Market and Abu Dhabi Stock Exchange to continue their rise.

The daily monitoring of the transactions showed that the value of the deals concluded in the markets amounted to about 777 million dirhams, while the number of shares traded reached 483 million shares executed through 8627 deals.

The general index of the Dubai Financial Market rose to 2252 points, a growth of 0.31%, while the general index of the Abu Dhabi Securities Exchange closed at 4525 points, an increase of 0.13% compared to the previous day's session.

The bulk of the liquidity continued to focus on a slice of the blue-chip stocks listed in the banking and real estate sectors. Abu Dhabi Commercial Bank led the march of support in the capital market after it rose to 5.58 dirhams, while the “Aldar” share closed at 2.05 dirhams.

In turn, Emirates NBD’s shares continued to provide support to the Dubai Financial Market, rising to 10.90 dirhams, thus paving the way to easily overcome the barrier of 11 dirhams this week.

Arabtec shares recorded strong bullish activity, with the maximum daily permissible limit, and closed at nearly 77 fils.

In addition, the citizens' net investments in the stock markets increased to 3.1 billion dirhams during the first eight months of 2020, which reflects their continued injection of more liquidity into the financial markets, which have become a favorite destination for investors from inside and outside the country.

The continuous increase in net national investments in the markets came after the increase in the value of their trades to about 73.27 billion dirhams, both bought and sold, during the period from January to August last.

The largest part of the net investments of citizens in the Abu Dhabi Securities Exchange amounted to 3.050 billion dirhams, while the Dubai Financial Market reached nearly 50 million dirhams.

The General Manager of Emirates NBD Securities, Asma Al Hosani, said that the return of confidence in market transactions is a major factor in attracting investments, in addition to the large distribution ratios approved by Emirati companies to shareholders.

And she expected that more liquidity would continue to flow to citizen investors during the coming period, especially since investment returns in the markets are the highest among other investment channels, especially bank deposits.

- The

bulk of liquidity focused on leading stocks.

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