"Big Deals" raise market liquidity to 2.5 billion dirhams

The general index of Dubai Financial Market closed at 2705 points.

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The liquidity of the money markets rose yesterday to 2.5 billion dirhams, with the support of two large deals that were executed in the Abu Dhabi Stock Exchange, on the shares of “Foodco Holding” at a value of 92 million dirhams, and “Al Wathba National Insurance” with a value of 63 million dirhams, in addition to the trading of individuals and portfolios. .

The largest proportion of liquidity was concentrated in the Abu Dhabi Stock Exchange, reaching 2.22 billion dirhams, while the liquidity of the Dubai Financial Market’s transactions witnessed a remarkable improvement compared to last week, with liquidity reaching 293 million dirhams at the end of the session, with the increase in shares of 24 companies.

The market value recorded an increase of 6.5 billion dirhams, to reach one trillion and 326.5 billion dirhams by the end of the session.

According to the data of the two markets, the Dubai Financial Market General Index closed yesterday, up by 1.18% at 2705 points, with trades amounting to a total of 293 million dirhams.

Shares of 24 companies out of the 35 companies that were traded rose, while the shares of seven companies declined, and four companies remained steady.

On the Abu Dhabi Stock Exchange, the general index ended the mid-week session steadily, at 6478 points, with high trades, with a total value of 2.22 billion dirhams.

Shares of 20 companies out of the 43 companies that were traded rose, while the shares of 16 companies decreased, and seven companies remained unchanged.

The share of "First Abu Dhabi" rose 1.4% at 16.48 dirhams, with more than 51 million shares traded.

The share of "ADNOC Distribution" decreased by 0.2% at 4.82 dirhams, with a turnover of nearly 40 million shares.

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