39 billion dirhams profits in local markets since the beginning of the year

The local markets witnessed a rise in the market value of 39 billion dirhams in two trading weeks only or since the beginning of the year, distributed by 24 billion dirhams for the week before last, and 15 billion dirhams this week.

The local markets witnessed mixed performance during this week's session, as it witnessed increases in some sessions and decreases in others.

 The Dubai Financial Market index closed this week at 2702.34 points, and the Abu Dhabi Securities Exchange fell at 5266.71 points.

And the market capitalization of stocks won this past week about 15 billion dirhams, by 5.4 billion in Dubai and 9.5 billion in Abu Dhabi, bringing the market capitalization to one trillion and 107 billion.

Financial analysts attributed these increases since the beginning of the year to improved investor sentiment, in reaction to the positive atmosphere of the 41st Gulf summit held Tuesday before last in the Saudi city of Al-Ula in the presence of the UAE, in addition to reaching one million vaccination doses against the Corona virus and improving investor psychology.

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