1.96 billion dirhams, trading liquidity in the local markets

Dubai Financial Market Index closed at the level of 3345 points.

archival

The local financial markets witnessed a clear momentum during the session at the beginning of the week, yesterday, as the shares of 63 companies rose out of the 84 companies that were traded, while the liquidity amounted to 1.96 billion dirhams.

The expert in financial markets, Jamal Ajaj, said that "the leading stocks played a remarkable role in the performance of the two markets since the beginning of yesterday's session, especially the shares of telecommunications, real estate and banks, which witnessed good rises, which helped raise the main indices, as well as the rest of the stocks," noting that the volumes of liquidity It was also good, despite the limited profit taking at the beginning of the session.

And he indicated that the end of the subscription in the shares of "Borouge" would also restore the levels of liquidity to what it was before the start of the subscription, and encourage further rises.

According to the data of the two markets, the Dubai Financial Market index closed yesterday, up 1.5% at the level of 3,345 points, with transactions worth 364 million dirhams.

The market witnessed an increase in the shares of 24 companies out of the 29 companies that were traded, while the shares of five companies declined.

The share of Emaar Properties closed up by 2% at 5.57 dirhams, with transactions of nearly 16 million shares, while Deyaar Development share rose by 1% at 0.41 dirhams, with transactions exceeding nine million shares.

The Emirates NBD share rose by 2.7% at 13.35 dirhams, and transactions approached nine million shares, while the Dubai Islamic share rose by 1.7% at six dirhams, and transactions approached six million shares.

The Abu Dhabi Securities Exchange index closed yesterday's session, up by 2.4% at the level of 9888 points, with transactions worth a total of 1.6 billion dirhams.

Out of the 55 companies whose shares were traded, the shares of 39 companies rose, while the shares of 12 companies declined, and four remained unchanged.

Shares of Abu Dhabi Islamic Bank rose by 2.3%, ADNOC Drilling by 2.9%, Agthia by 3.9%, and Azfby Holdings by 0.08%.

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