Recorded 14.78 billion dirhams

The liquidity of trading in financial markets is at the highest level in 48 months

Dubai Financial Market closed the week’s transactions at 2816 points.

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The liquidity traded in the local money markets recorded its highest levels in more than 48 months, reaching over five sessions of 14.78 billion dirhams, the Abu Dhabi Securities Exchange acquired the largest percentage of it, especially during yesterday's session, which reached 6.1 billion dirhams.

During yesterday's session, the big deals played a major role in raising the levels of liquidity to this level, as 42 large deals were executed, most of which focused on ADNOC Distribution, in a placement targeting major investors.

The market value recorded a limited increase of 2.6 billion dirhams, to reach one trillion and 329.6 billion dirhams, compared to one trillion and 327 billion at the end of the previous week.

In detail, Jamal Ajaj, an expert in financial markets at BH Mubasher Financial Services, said that “the market’s performance was relatively calm, with some foreign portfolios being restructured, especially on the shares of First Abu Dhabi Bank and (ADNOC Distribution),” adding that "The Dubai Financial Market also witnessed an improvement in liquidity levels, despite some stocks being subjected to selling pressure," noting that yesterday witnessed the implementation of a re-evaluation of the weights of some stocks on the "Morgan Stanley" index, which led to the rise of the market, but there is still a warning from investors Until the completion of the re-arrangement of foreign portfolios according to the new weights.

Ajaj added, “The Dubai Financial Market also crossed, during the week, a historical level, which helped in the influx of more liquidity levels, especially on the blue-chips,” adding: “We hope that the coming weeks will witness further improvement, supported by the new weights of stocks Listed on the (Morgan Stanley) index, which currently has nine stocks, the last of which is (Agthia) and (ADNOC Distribution) ».

He stressed that the UAE markets have great opportunities, and investors can still make large profits from them, in light of the change of a number of laws related to foreign ownership, which means more direct investments flowing into the economic cycle, and then the movement of many sectors, including It will reflect positively on the financial markets.

According to the data of the two markets during yesterday's single session, the Dubai Financial Market closed down by 0.31% at 2816 points, and in high trades, with a total value of 756 million dirhams.

Shares of 14 companies out of 34 companies that were traded yesterday, while shares of 15 companies declined, and five companies remained steady.

Weekly, the market rose by 65 points, equivalent to 2%.

On the Abu Dhabi Stock Exchange, the general index closed down by 0.25% at 6548 points, with large trades amounting to a total value of 6.104 billion dirhams.

Shares of 13 companies out of the 41 companies that were traded rose, while shares of 20 companies declined, and eight companies remained steady.

Over the course of the week, the general index rose by 30 points, equivalent to 0.5%, compared to Thursday's close of the previous week.

• 14 companies whose shares rose, out of 34 that were traded on the Dubai Financial Market yesterday.

• The market value registered a limited increase of 2.6 billion dirhams.

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