Capital markets maintain their balance despite "profit taking"

3 billion dirhams, local shares traded in a week

The shares of Takaful insurance listed on the Dubai Financial Market continued to rise.

Photography: Ashok Verma

The local financial markets maintained their balance over the past week, despite some natural profit-taking that a slice of stocks were subjected to, which had made strong gains in the past few days.

Liquidity volumes continued at good levels, as the value of deals concluded during five sessions amounted to three billion dirhams, the largest part of which was distributed to a slice of the leading shares, and those whose value was less than one dirham, according to what was shown by the weekly monitoring of transactions.

As for the transactions of the last day of the week, yesterday, the closing of general indices varied, as the general index of the Abu Dhabi Securities Market rose by 0.23%, closing at 4,519 points, while the general index of the Dubai Financial Market settled at 2,270 points at the end of the session.

The list of winners in the Abu Dhabi market included First Abu Dhabi Bank’s share, which rose to 11.42 dirhams, in addition to the closed share of Etisalat at 16.58 dirhams. ADNOC Distribution continued to rise to the barrier of 3.25 dirhams.

In the Dubai Financial Market, the shares of Takaful insurance continued to rise, as the share of "Aman" rose to approximately 89 fils, while the share of "Takaful House" reached 1.11 dirhams and "Salama" 78 fils, and the share of "Union Real Estate" rose to about 30 fils. Fils.

The trading liquidity recorded an improvement on the last day of the week, with its value reaching about 650 million dirhams, while the number of traded shares reached 500 million shares executed through 7271 transactions.

• The bulk of the deals focus on a segment of the leading stocks.

Follow our latest local and sports news, and the latest political and economic developments via Google news