Supported by the blue chips of banking, telecommunications and energy
4.3 billion dirhams of liquidity trading in the money markets during the week
Dubai Financial Market closed at 2573 points.
Local market indices concluded the weekend session in the green zone, supported by heavy trading operations on some of the leading stocks listed within the banking, telecom and energy sectors.
The total value of weekly trading liquidity exceeded 4.3 billion dirhams, most of which were recorded in favor of foreign and local investment portfolios, reflecting the continued leadership of institutional investment for transactions in the local markets.
The monitoring of the transactions movement shows the existence of accumulation operations on some stocks, which paves the way for a rise in their prices during the next few days, which will enable the general indicators of the financial markets to rise to levels that were abandoned earlier as a result of speculation and profit-taking operations.
On the Abu Dhabi Stock Exchange, First Abu Dhabi’s shares rose 0.84%, ADNOC Distribution 0.96%, Abu Dhabi Commercial 0.32%, and Etisalat 0.29%.
The Dubai Financial Market closed yesterday up by 1.02% at 2573 points, with a total trading volume of 182 million dirhams.
In general, over the course of the week, the Dubai market rose by four points for the week as a whole, and by 0.2%, compared to its close last Thursday.
Shares of 20 companies out of the 36 companies traded yesterday, while shares of 10 companies declined, and six companies remained steady.
The share of «Emaar Properties» closed at its previous price of 3.59 dirhams, with a trading volume of nearly nine million shares, and the share of «Emaar Malls» closed at its previous price of 1.73 dirhams, with a trading volume exceeding 12 million shares.
Shares of "Shuaa Capital" increased by 0.7% at 0.71 dirhams, with a trading volume of more than 17 million shares, while the share of "Dubai Islamic" rose by 1.5% at 4.71 dirhams, with a trading volume of nearly four million shares.
DXB Entertainments came out as the most actively traded stock, closing at its previous price of 0.077 dirhams, with a trading volume of nearly 76 million shares.
The Abu Dhabi Stock Exchange closed yesterday, up by 0.54% at 5636 points, and the volume of transactions amounted to a total of 898 million dirhams.
During the week, the index decreased by 57 points, or 1%, compared to its close last Thursday.
The share of "First Abu Dhabi" rose by 0.8% at 14.34 dirhams, with a trading volume of 16 million shares.
The share of «Ishraq Investment» fell by 0.3% at 0.33 dirhams, with a trading volume of approximately 17 million shares, while the share of «Dana Gas» rose by about 8% at 0.785 dirhams, with a trading volume of approximately 75 million shares.
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