“Green” dominates the trading screens
Local shares earn 10.2 billion dirhams
The Dubai Financial Market Index closed up 1.3%.
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Shares listed on the state’s capital markets achieved market gains yesterday, amounting to 10.2 billion dirhams, while the traded liquidity recorded 794 million dirhams.
The green color dominated the trading screens, especially in the Dubai Financial Market, whose general index closed up 1.3%, at 2354 points, and trades amounted to 321 million dirhams.
Shares of 19 companies out of the 29 companies that were traded rose, while shares of five companies declined, and five companies remained steady.
Shares of "Emaar Properties" closed up 0.6% at 3.1 dirhams, and in turnover of nearly 21 million shares, while shares of "Dubai Investments" rose 2.5% at 1.23 dirhams, and trades amounted to about 26 million shares.
The shares of "Dubai Financial Market" rose by 2.1% at 0.86 dirhams, with transactions exceeding 23 million shares, while the share of "Emirates NBD" rose 2.4% at 10.5 dirhams, and trading nearly three million shares.
The share of «Union Properties», up by 1.1%, at 0.27 dirhams, with transactions that exceeded 51 million shares.
As for the Abu Dhabi Securities Exchange, it ended trading, up by 0.8%, at 4,974 points, with trades amounting to a total of 473 million dirhams.
Dana Gas rose 0.9% at 0.67 dirhams, with transactions that exceeded 9 million shares.
Abu Dhabi Islamic Bank’s share rose 1.7% at 4.67 dirhams, with transactions that exceeded 13 million shares, while the “First Abu Dhabi” share closed at its previous price of 12.9 dirhams, with transactions that exceeded seven million shares.
In addition, the expert in financial markets, Dean Kanaan, told Emirates Today that “there is a gradual improvement in the performance of financial markets at the level of liquidity. Last week, which witnessed the beginning of the entry of liquidity and foreign investments into leading shares, such as: (Emaar) and (Dubai Islamic) and (Aramex), in addition to the arrival of the prices of many stocks to good price levels, which prompted local and foreign portfolios to rebuild their positions and benefit from the beginning of the recovery.
Kanaan added that “the announcement of the availability of vaccines for the Coronavirus, and the possibility that the UAE would be one of the first countries to benefit from it, greatly improved the psyche of investors and created an atmosphere of confidence and optimism, which was reflected in the general performance of the markets.”
Big deal
Yesterday, the Dubai Financial Market witnessed a large direct deal on the shares of Al Ramz Corporation for Investment and Development, about 88.99 million shares, at a price of 0.57 dirhams per share, with a total value of about 51 million dirhams.
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