With the continued flow of liquidity
Local financial markets raise their gains to 28.2 billion dirhams during two sessions
Abu Dhabi market index continued its rise yesterday for the eighth consecutive session.
Photography: Eric Arazas
The local financial markets continued their rise after a segment of stocks maintained the pace of improvement, which boosted the treasury of the market value of the shares of listed companies with gains of 13.55 billion dirhams, raising the total gains to 28.2 billion dirhams during two sessions.
The strong gains achieved by the markets came in conjunction with the continued flow of liquidity into the trading halls, as the value of the concluded deals amounted to about 970 million dirhams, while the number of traded shares reached 240 million shares that were executed through 4788 transactions.
The general index of the Abu Dhabi Securities Market continued to rise for the eighth consecutive session yesterday, as it jumped by the end of the session by 1.08%, reaching the level of 6080 points, breaking a new level, while the total value of transactions reached 811 million dirhams.
The market witnessed the registration of the share of the International Holding Company, which operates in the food and beverages sector, its highest price since the listing, closing at 84.5 dirhams, at a level not reached since its listing in October 2005, when its price was 80 fils.
The company announced, last Sunday, the withdrawal of its 100% investment in the "Trust International Group" company, in exchange for selling it for 350 million dirhams.
In a statement to the Abu Dhabi market, the company stated that it has a clear strategy to enhance its investment portfolio, and that it will allow acquisitions, strategic investments, restructuring, consolidation, diversification and divestment.
For his part, the general index of the Dubai Financial Market, at the end of yesterday's trading session, closed at 2574 points, a growth of 0.03% compared to the previous day.
Shares of 12 companies out of the 29 companies that were traded rose, while shares of 10 companies declined, and the shares of seven companies remained steady.
The share of Emaar Properties rose to the level of 3.61 dirhams, followed in the same direction by «Emaar Malls» to 1.73 dirhams, while the share of «Aramex» closed at 4.09 dirhams, «Air Arabia» at 1.28 dirhams and «Tabreed» at 2.88 dirhams.
- Al-
Alamiah Holding Company closed at the highest price since its listing, at 84.5 dirhams.
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