53.06 billion dirhams, local shares gain in two sessions

The local financial markets continued their strong gains for the second consecutive session, especially in the Abu Dhabi Stock Exchange, as the market index rose by 3.14%, in yesterday's session, while the Dubai Financial Market index rose by 1%.

The market value achieved profits of about 31 billion dirhams, most of which were in the Abu Dhabi Stock Exchange, which recorded gains of 26.74 billion dirhams, compared to 4.26 billion dirhams in the Dubai Financial Market.

The total market gains for both markets in two sessions only amounted to 53.06 billion dirhams, as the market recorded in the first session yesterday 22.06 billion dirhams, and today's session 31 billion dirhams.

For his part, a financial analyst said that the increases were supported by the telecommunications sector, as a telecommunications company holds a meeting tomorrow to study the possibility of increasing the percentage of foreign ownership. 

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