"DEWA" attracts more than 36% of liquidity in "Dubai Financial"

2.1 billion dirhams trading liquidity in the local stock markets

Dubai Financial Market Index closed at the level of 3585 points.

Photography: Ahmed Ardeti

The performance of the UAE financial markets varied at the conclusion of yesterday's session, with the Abu Dhabi market marginally declining, compared to the rise of the Dubai Financial Market in the third trading session of the "DEWA" share.

Local shares attracted liquidity momentum during yesterday's trading, exceeding 2.11 billion dirhams, with a trading volume of 532.12 million shares, through the implementation of 18.71 thousand transactions.

In detail, the Dubai Financial Market index closed its trading yesterday, with a slight increase, by 3 points, to close at the level of 3585 points.

The shares of the Dubai Electricity and Water Authority (DEWA) acquired more than a third of the trading liquidity in the Dubai Financial Market, in the third trading session of the share, grabbing about 35.8% of the shares liquidity at the end of trading yesterday.

At the end of trading, "DEWA" shares carried out transactions with a value of 238.21 million dirhams, topping the shares in the Dubai Financial Market in terms of trading value, and also led the shares in terms of trading volumes through the implementation of 85.80 million shares.

The performance of the "DEWA" stock shifted upward at the beginning of the session, to decline at the end of trading by a marginal percentage at the level of 2.76 dirhams.

The value of trading on the Dubai Financial Market amounted to about 665.196 million dirhams, with a trading volume of 240.07 million shares, through the implementation of 7.62 thousand transactions.

The Dubai Financial Market Company's share acquired a liquidity of 28.62 million dirhams, and the Emaar Properties company's share acquired 150.13 million dirhams.

This came in conjunction with the rise of the Dubai Financial Market index by a slight percentage, estimated at 0.07% at the level of 3584.98 points, coinciding with the rise of the Oman Insurance share 11%, the Gulf Navigation Holding share 3.3%, the Emaar Properties share by 1.5%, and the Dubai Islamic share 1.45%.

While Emirates NBD shares fell by 1.66%, and the Dubai Financial Market shares decreased by 3.35%.

Deyaar Development shares fell by 3.2%, and Union Properties fell by 3.04%.

In the Abu Dhabi market, the “Abu Dhabi FTSE Securities Market” index fell at the close of yesterday’s session, by 1.4% at the level of 9,947 points, due to the decline in the First Abu Dhabi stock by 3.25%, after it announced the withdrawal of the non-binding offer regarding the acquisition of the majority stake in the financial group. Hermes» Egyptian.

The share of Aldar Properties decreased by 0.96%, and "Fertigglobe" decreased by 2.3%, and "Alffaby" decreased by 0.37%, "Eshraq" by 0.97%, and "International Holding" by 0.05%.

While "Q Holdings" rose by 8.62%, while "Multiplay" rose by 0.57%.

The value of trading in the Abu Dhabi market reached 1.45 billion dirhams, while the trading volume amounted to 292.05 million shares, through the implementation of 11.09 thousand transactions.

The "International Holding" share topped the shares in terms of trading value, with a value of 284.376 million dirhams, followed by Aldar Properties with a value of 282.812 million dirhams, and then First Abu Dhabi with a value of 224.799 million dirhams.

While "Al Dar" issued shares, in terms of trading volumes, about 55.01 million shares.

Follow our latest local and sports news and the latest political and economic developments via Google news