Calm hangs over the financial market dealings ... and the stock prices in "Dubai Financial" attracted liquidity
The general index of Dubai Financial Market closed at 2605 points.
The country's financial markets witnessed a quiet weekly performance that tends to decline over the course of five sessions, during which the market value decreased by 8.5 billion dirhams, under pressure from Amal Al-Minshawi Abu Dhabi Given that the prices have reached rewarding levels for investment and purchase.
During the past week, the general index of the Dubai Financial Market lost 21 points, recording a decline of 0.8% to close at 2605 points, while the Abu Dhabi Securities Market index fell 55 points, equivalent to 0.9% compared to the previous Thursday's close.
For his part, the expert in financial markets from BH Mubasher Financial Services, Jamal Ajaj, said, “The performance in general was convincing to investors, despite the marginal decline that prevailed most of the week’s sessions, because the positive factors supporting the market are many, such as announcing a number of companies. On achieving profits for the first quarter of this year, in addition to the beginning of the transfer of part of the liquidity of the Abu Dhabi Securities Exchange to the Dubai Financial Market, and also a number of portfolios liquidating their shares for that purpose. Ajaj indicated that the declines were minor, which means that investors prefer to keep their shares.Ajaj added, “Price levels in the Dubai market and trading volumes have recorded a remarkable decline over the past three weeks at a time when liquidity in the Abu Dhabi Securities Market rises to over one billion dirhams per day, so many investors have found that the opportunity is available to enter the Dubai Financial Market. , And building new centers », pointing out that the market is expected to rebound after leasing Eid al-Fitr, unless there are important influential announcements.
And he indicated that the performance of global markets, oil prices, and the beginning of the decline in the number of Coronavirus infections at the state level are positive factors that support more rises in financial markets.
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