UAE capital market indices continue to rise and cross new support points
The UAE financial markets maintained their ascendance process amid the success of general indicators to surpass new points, with the support of the continued rise in the prices of a large segment of stocks, especially those included in the real estate and banking sectors.
The continued rise of financial markets encouraged institutions and individuals to pump more liquidity into trading halls, which began to prepare for the daily liquidity value exceeding the one billion dirhams barrier.
The general index of the Dubai Financial Market jumped to the level of 2283 points with a growth rate of 0.78%, thus continuing its ascending path through which it aims to breach the 2,900 point barrier in the coming days.
The general index of the Abu Dhabi Securities Market grew by 1.34%, reaching 4832 points, surpassing that by more than one point of technical support, which qualifies it to reach higher levels in the coming sessions.
The share of First Abu Dhabi Bank, which rose to 12.24 dirhams, continued to lead the activity in the Abu Dhabi Stock Exchange amid intense trading that exceeded 241 million dirhams, in addition to Abu Dhabi Islamic Bank’s share of 4.56 dirhams, while Aldar’s share rose to 2.66 dirhams.
In the Dubai Financial Market, Emirates NBD Bank’s shares reached a new level at 10.20 dirhams .. Aramex jumped to a barrier of 4 dirhams, Emaar Malls rose to 1.71 dirhams, and Dubai Islamic Bank rose to 4.27 dirhams.
As a result of the transactions proceeds, the value of the concluded deals reached nearly 989 million dirhams, while the number of traded shares reached 397 million shares executed through 8639 transactions.
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