The market value of listed companies reached 1.359 trillion dirhams

Local shares gain 23 billion dirhams in a week

The general index of the Dubai Financial Market closed yesterday, up by 0.37%.

archival

The shares listed on the local financial markets achieved weekly gains of 23 billion dirhams, bringing the market value of the listed companies at the end of yesterday's session to one trillion and 359.8 billion dirhams, one of the best levels ever recorded.

Over the course of five sessions during the past week, despite the noticeable increase in the market value, the general index of the Dubai Financial Market recorded a slight increase by 18 points, equivalent to approximately 0.6%, while its counterpart in the Abu Dhabi Stock Exchange increased during the week by 110 points, equivalent to 1.7%.

Liquidity traded in the two markets recorded more than eight billion dirhams over the course of last week's trading.

Similar performance

Commenting on, Jamal Ajaj, an expert in financial markets from BH Mubasher for financial services, said that “the performance of the local financial markets during the past week was largely similar to what it was the previous week, in terms of the rises of some stocks and the declines of others affected by The presence of certain news, and sometimes rumors such as those that prevailed about the company (DAMAC), which negatively affected the stock, and the rest of the other shares in the Dubai Financial Market during yesterday's session.

Ajaj added: "However, the banking sector still attracts the attention of investors, in addition to the continuation of the large deals that take place in the Abu Dhabi Securities Exchange on some selected stocks, such as the share of the International Corporation," noting that some sessions of the week also witnessed a rise in shares that were absent from interest. Investors like the shares of «Abu Dhabi Hotels».

price difference

Ajaj explained that "the week also witnessed a price discrepancy for the shares of the banks listed in the two markets, as it ranged between high and low, especially in the Dubai Financial Market," pointing out that the levels of liquidity are still strong in the Abu Dhabi market, unlike the case in "Dubai Financial", which records The liquidity levels are somewhat declining.

«Dubai Financial»

During yesterday's session, alone, the general index of the Dubai Financial Market closed with an increase of 0.37% at the level of 2842 points, with transactions totaling 245 million dirhams.

The shares of 11 companies out of the 29 companies that were traded, while the shares of 13 companies declined, and five companies remained unchanged.

«Abu Dhabi market»

For his part, the general index of the Abu Dhabi Stock Exchange rose by two points, to close at the level of 6716 points, amid trading with a total value of 1.460 billion dirhams.

The shares of 13 companies out of the 38 companies that were traded, while the shares of 18 companies declined, and seven companies remained unchanged.

• Liquidity traded in the two markets recorded eight billion dirhams, over the course of trading last week.

• The banking sector is still attracting the attention of investors.

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