Abu Dhabi Securities Exchange witnesses transactions that exceeded 4 billion dirhams
Capital markets continue their upward path ... and "green" prevails over "Dubai Financial"
The "Dubai Financial" index ended trading, up at 2,282 points.
Photography: Ahmed Arditi
Abdul Qader Shaath: “The real estate sector stocks in the Dubai Financial Market witnessed a remarkable improvement, which supported the cohesion of the indices.”
Financial markets maintained the consolidation that it started the day before yesterday, to continue its bullish path for the second day in a row.
The green color prevailed on the leading stock indices, especially in the Dubai Financial Market, whose index ended transactions, up by 0.35% at 2282 points, with transactions worth 298.5 million dirhams, the outcome of the deal, buying and selling on 316.7 million shares, executed through 4929 transactions In what was traded the shares of 35 companies, of which the shares of 24 companies rose, eight companies decreased, and the shares of three companies remained unchanged.
"Arabtec" shares closed up 1.3% at 0.61 dirhams, with transactions that exceeded 32 million shares, while Damac shares rose 6.5% at 0.96 dirhams, with transactions that exceeded 23 million shares.
In turn, "Emaar Properties" rose 0.7% at 2.91 dirhams, with trades exceeding 10 million shares, while Emirates NBD closed at its previous price of 10.8 dirhams, with transactions that exceeded eight million shares.
As for the most heavily traded stocks, Union Properties' shares were up 1.4% at 0.3 dirhams, with transactions that exceeded 110 million shares.
Abu Dhabi Securities
Abu Dhabi Securities
On the Abu Dhabi Stock Exchange, the general index rose by 0.11% at 4,515 points, accompanied by a large turnover of 4.048 billion dirhams and 1.34 billion shares, as a result of executing 20 large transactions.
«Aldar Properties» shares closed up 1% at 2.06 dirhams, with transactions that exceeded 25 million shares, while ADNOC Distribution rose 5.5% at 3.43 dirhams, with transactions that exceeded 14 million shares.
It is noteworthy that the Abu Dhabi National Oil Company (ADNOC) announced yesterday the completion of a private placement process for 1.25 billion shares of «ADNOC Distribution Company», representing 10% of the capital, valued at 3.7 billion dirhams.
Abdul Qader Shaath, director at Al-Ansari Financial Services Company, said that the real estate sector stocks in the Dubai Financial Market witnessed a remarkable improvement, which supported the cohesion of the indices, and maintained their upward path, despite the decline in trading volumes, unlike the case in the Abu Dhabi Stock Exchange in which the values of Significant trading, after ADNOC announced a private placement of a share of its shares, in addition to the exchange of properties in large deals.
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