Local shares raise their gains to 33.4 billion dirhams in two sessions
picture
The local stock markets consolidated its gains, after it gained 7.35 billion dirhams today, which raised its total gains in two sessions to about 33.4 billion dirhams.
market gains
The market gains of the Abu Dhabi Stock Exchange in two sessions amounted to about 22.7 billion dirhams, including 4.2 billion dirhams in the trading session on Thursday, bringing the total capitalization to one trillion and 746 billion dirhams, while the market gains of the Dubai Financial Market in the two sessions amounted to about 10.7 billion dirhams, of which 3.156 billion dirhams in Thursday's session, bringing the total capitalization to 426.4 billion dirhams.
turnover
The trading value in the two markets exceeded two billion dirhams, distributed over 1.74 billion dirhams in Abu Dhabi, and 335.53 million dirhams in Dubai, while the trading volume reached 424.6 million shares, 267.4 million shares in the Abu Dhabi Stock Exchange, and 157.2 million shares in the Dubai Financial Market. , distributed over about 16,000 deals in the two markets.
Dubai Financial Market
The Dubai Financial Market index continued to rise for the second day in a row, at the close of trading Thursday, by 1.1% at the level of 3,409 points.
The shares of 17 companies rose, while the shares of nine companies declined, and the shares of one company settled.
Shares of “Emaar Properties” rose 1.13%, “Union Properties” 0.39%, and “Emaar Development” 2.94%, and shares of “Emirates NBD” rose 0.34%, “Dubai Islamic” 2.56%, and “Dubai Financial Market” 3.12%, "Air Arabia" 1.19%, and "Amlak" 1.23%.
"Abu Dhabi Securities Exchange"
In the Abu Dhabi Securities Exchange, the market index continued its daily rise by 1.18% at the level of 9608 points.
"Al-Dar Real Estate" shares rose by 5.07%, "Affuba" by 1.03%, and "Multiplay" by 0.63%.
While the "Etisalat Group" share settled at the level of 35 dirhams.
new gains
For his part, Deputy Head of Research and Investment Strategies at Kamco Invest, Raed Diab, said that the UAE markets are rising again to reap new gains, in conjunction with the return of oil prices to the rise, in addition to the progress of talks between Russia and Ukraine to reach a ceasefire.
He stressed that the rise in local markets today coincides with the rise in global markets after the US Federal Reserve's decision to raise the interest rate by a quarter of a percentage point, in a move that was widely expected, to curb inflation rates that reached their highest levels in four decades.
He added that one of the news that supported optimism was the news of the Chinese authorities' intention to maintain the stability of the capital market and their intention to take measures to deal with the risks facing the real estate sector in the country.
He pointed out that UAE banks will benefit from raising interest rates, and thus this will reflect on their profits in the coming period.
Follow our latest local and sports news and the latest political and economic developments via Google news