Amid the continued entry of institutional liquidity
Local stocks win 3.4 billion dirhams
Dubai Financial Market Index is back to test breaking levels.
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The green color space expanded on display screens in the local financial markets yesterday, during today's session before the last of the week’s trading, despite the disparate closing of general indicators, amid the continued entry of institutional liquidity that is still concentrated on a slice of selected stocks, as the balance of market value gains for companies ’shares strengthened Traded, by 3.4 billion dirhams, at the close of trading.
The Dubai Financial Market index returned to test the break of the levels it gave up in the middle of the week, after it rose to the level of 2285 points, an increase of 0.93%, while the general index of the Abu Dhabi Securities Exchange closed at 4490 points, a very limited decline compared to the previous day.
In addition to a slice of the Takaful insurance shares, which returned to the practice of a strong rise, some real estate and bank shares have regained their activity, which strengthened the gains of the markets. Aman, listed on the Dubai Financial Market, rose to the maximum permissible daily limit, amounting to 1.16 dirhams. The share of "Takaful House" closed at 1.04 dirhams.
The share of «Emaar» rose to 2.92 dirhams, and «Emaar Development» 2.47 dirhams.
In the banking sector, Dubai Islamic Bank’s shares rose to 4.30 dirhams, while Aramex’s shares continued to rise to 4.12 dirhams.
On the Abu Dhabi Stock Exchange, the share of the International Holding Company continued to rise to 37.90 dirhams, and Abu Dhabi Islamic Bank rose to 4.11 dirhams, while the share of "ADNOC Distribution" witnessed a strong activity of 3.47 dirhams, in addition to the share of "Abu Dhabi Shipbuilding" at 2.60 One dirham and "Food" at 3.49 dirhams.
In terms of liquidity, the value of deals concluded in the two markets amounted to about 570 million dirhams, while the number of traded shares reached 292 million shares, executed through 5980 deals.
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