Realized market gain of 16 billion dirhams

Abu Dhabi Securities Exchange shares are at the highest value since the market was established

• Some news related to the financial statements of companies listed in "Dubai Financial" affected the market performance.

  Photography: Ashok Verma

• Abdul Qader Shaath: "The market value of companies in the Abu Dhabi market has made a big leap compared to the closings before the Eid holiday."

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The shares listed on the Abu Dhabi Stock Exchange yesterday achieved market gains of 16 billion dirhams, reaching their highest level since the establishment of the market, as the market value of listed companies reached 937 billion dirhams, with the general index of the market increasing by 3.5%, closing at 6428. Point.

While the performance of the Dubai Financial Market declined somewhat, as the general index recorded a decrease of 1.16%.

The liquidity of the two markets recorded about 1.8 billion dirhams, the largest proportion of which was concentrated in the Abu Dhabi Stock Exchange.

Dubai market

According to the data of the two markets, the Dubai Financial Market closed yesterday, down by 1.16% at 2665 points, with transactions with a total value of 228 million dirhams.

Shares of 12 companies rose out of 32 companies that were traded, while shares of 13 companies declined, and seven companies remained steady.

The share of "Emaar Properties" closed down 2.5% at 3.9 dirhams, in transactions that exceeded 17 million shares, while the share of "Union Properties" decreased by 0.7% at 0.28 dirhams, in transactions that exceeded 18 million shares.

Abu Dhabi Market

On the Abu Dhabi Stock Exchange, the general index of the market closed up by 3.52% at 6428 points, with trades amounting to a total of 1.6 billion dirhams.

Shares of 19 companies out of the 38 companies that were traded rose, while the shares of 16 companies declined, and three companies remained steady.

The share of "First Abu Dhabi" increased by 10.2% at 16.06 dirhams, in transactions of nearly 33 million shares.

The share of «ADNOC Distribution» rose by 0.4% at 4.9 dirhams, in transactions that exceeded 57 million shares, while the share of «Arkan» rose by the maximum rate of 1.2 dirhams, with transactions amounting to 31 million shares.

Mixed performance

In addition, Abdul Qader Shaath, Director of Development at Al-Ansari Financial Services Company, said that «the session beginning of the week (yesterday) after the end of the Eid Al-Fitr holiday witnessed mixed performance, as the general index recorded a significant increase in the Abu Dhabi Stock Exchange, while its counterpart declined in the Dubai Financial ».

Shaath explained to "Emirates Today" that "some news related to the financial statements of companies listed in Dubai Financial affected the overall market performance."

He added, "On the contrary, the Abu Dhabi Securities Market achieved a big increase that included all sectors and listed stocks, especially the First Abu Dhabi Bank, which rose by nearly 10%, and helped a lot in leading other gains for the rest of the stocks, because of its weight in the general index of the market." .

liquidity

Shaath indicated that "market liquidity has maintained its high levels with support from the purchase of portfolios and institutions, in addition to the index exceeding the levels of 2005, reaching its highest level ever," pointing out that "the market value of companies listed on the Abu Dhabi Stock Exchange has made a big leap." Compared to the closings before the Eid Al-Fitr holiday, thanks to the performance of the banking sector during yesterday's session.

• Domestic money market liquidity is recorded at 1.8 billion dirhams.

• The general index of Abu Dhabi market exceeded the levels of 2005.

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