Local stocks win 2.7 billion dirhams
The general index of the Dubai market exceeded the level of 2,400 points.
Archives
Yesterday, the UAE financial markets maintained their green rally, amid their indicators recording new jumps, which increased their gains and made them the preferred destination for investors from inside and outside the country, seeking to achieve the largest possible gains in a short period.
During the day before the last of its weekly dealings, the market value of the traded companies' shares added about 2.7 billion dirhams to the treasury of their gains, according to the statistics issued by the markets at the end of the session.
In light of the continuous rise in the real estate and banking sectors, investors competed to trade on some of the shares of the two sectors' companies, which boosted their profitability, which was positively reflected on the general indicators of the Abu Dhabi and Dubai financial markets.
The general index of the Abu Dhabi Securities Market rose by 0.85%, reaching the level of 4,989 points, approaching that of easily breaching the barrier of 5,000 points, while the general index of the Dubai Financial Market exceeded the level of 2,400 points, and closed at 2,413 points, an increase of 0.57% compared to the previous day .
The share of «Emaar Properties» continued to shine for the fourth consecutive day, jumping to the level of 3.27 dirhams, in addition to the share of «Emaar Development» 2.75 dirhams and «Emaar Malls» 1.91 dirhams.
In the banking sector, Emirates NBD shares maintained their previous level, while Dubai Islamic Bank shares rose to 4.44 dirhams.
The situation in the Abu Dhabi market was no different, as the share of First Abu Dhabi Bank rose to 12.86 dirhams, Abu Dhabi Islamic Bank to 4.70 dirhams, and Abu Dhabi Commercial Bank 6.10 dirhams.
On the level of liquidity, the value of deals concluded in the Abu Dhabi and Dubai financial markets amounted to about 880 million dirhams, and the number of traded shares was 542 million shares executed through 9,398 transactions.
880
One million dirhams are the value of transactions concluded in the Abu Dhabi and Dubai financial markets.
Follow our latest local and sports news, and the latest political and economic developments via Google news