Liquidity exceeded 1.8 billion dirhams

“Green” closings in the local financial markets

Abdelkader Shaath: "The economic indicators are positive, and growth expectations give great weight to the market and the listed companies."

Yesterday, the local financial markets rebounded to the green zone, with a liquidity that exceeded 1.8 billion dirhams, and the indicators succeeded in maintaining the upward path, despite the selling pressure distributed among several stocks.

market data

The Dubai Financial Market index closed with an increase of 0.3%, at 3157 points, with transactions worth 350 million dirhams.

The trading session witnessed a decline in the shares of 13 companies out of the 29 companies whose shares were traded, while the shares of 10 companies rose, and the shares of six companies remained stable.

In the capital market, the general index of the Abu Dhabi Securities Exchange closed with an increase of 0.1%, at the level of 8714 points, with transactions totaling 1.5 billion dirhams.

The shares of 14 companies out of 53 companies whose shares were traded, while the shares of 29 companies declined, and the shares of 10 companies remained stable.

coherent markets

The expert in financial markets, Abdul Qadir Shaath, said that the Abu Dhabi Stock Exchange is still maintaining levels of liquidity, exceeding 1.5 billion dirhams, and the liquidity in the Dubai Financial Market was good, given what the global markets are witnessing, which proves that the UAE markets are coherent, and able to absorb Economic and geopolitical events.

Shaath added that prices were also high, especially in the banking sector, such as Abu Dhabi Commercial and First Abu Dhabi, which recorded the highest price in 52 weeks.

Shaath considered that the declines witnessed by some stocks were acceptable, affected by selling operations by some investors who are sensitive to the surrounding events, and who usually monitor the performance of global markets and build their investment decisions based on them.

Shaath stated that most of the declines in the listed shares yesterday came in a narrow range, and does not exceed 1 to 2%, which reflects the balance in performance, and the selling operations often came offset by seizing opportunities by other investors at the prices they are waiting for.

Shaath stressed that the UAE markets are excellent in light of the conditions witnessed by the world and the region, and there are many investment opportunities, pointing out that all economic indicators are positive, as well as expectations of growth in the oil and non-oil sectors, which gives great weight to the market and the listed companies.

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