Dubai Financial Market index continues to rise for the second day in a row

Local shares raise their gains to 49.8 billion dirhams in two sessions

The local stock markets consolidated their gains, after they gained 34.96 billion dirhams, yesterday, Tuesday, which raised its total gains in two sessions to about 49.84 billion dirhams.

The market gains of the Abu Dhabi Stock Exchange in two sessions amounted to about 44.25 billion dirhams, including 31.82 billion dirhams in yesterday's trading session, while the market gains of the Dubai Financial Market in two sessions amounted to about 5.7 billion dirhams, including 3.146 billion dirhams in yesterday's session.

The value of trading in the two markets exceeded 1.54 billion dirhams, distributed over 1.34 billion dirhams in the Abu Dhabi Stock Exchange, and 201.24 million dirhams in the Dubai Financial Market, while the trading volume reached 237.86 million shares, 173.73 million shares in the «Abu Dhabi Securities», and 64 13 million shares in “Dubai Financial”, distributed among about 15.08 thousand deals in the two markets.

«Dubai Financial»

The Dubai Financial Market index continued to rise for the second day in a row by 1.09%, recording the highest closing in a week, at the level of 3,252.71 points.

The market value of the Dubai Financial Market rose from 526.58 billion dirhams to 529.72 billion dirhams, as the market gained 3.14 billion dirhams.

Yesterday's trading session witnessed a rise in the shares of 16 companies out of 27 companies whose shares were traded, while the shares of six companies declined, and the shares of five companies remained stable.

And «Al Salam Bank» shares topped the rise by 4.46% to close at 0.82 dirhams, with transactions approaching 368.46 thousand dirhams, while the share of «Dubai Investments» increased by 3.27% to close at 2.21 dirhams, with transactions exceeding 7.77 million dirhams.

And «Emaar Properties» share was the most heavily traded issue, and it rose by 1.35%, and closed at a price of 5.24 dirhams, with a transaction approaching 54.29 million dirhams, followed by «Emirates NBD» which rose by 1.87% and closed at 13.60 dirhams, with a trade of 48.69 million dirhams.

While «Dubai Islamic» share increased by 1.59% to reach 5.75 dirhams, with transactions amounting to 22.13 million dirhams.

"Abu Dhabi Securities Exchange"

For its part, the Abu Dhabi Securities Exchange index continued its daily rise by 1.98% at the level of 9392.1 points, while the market value increased by 31.82 billion dirhams.

Of the 52 companies whose shares were traded yesterday, the shares of 37 companies rose, while the shares of eight companies declined, and the shares of seven companies remained stable.

The “First Abu Dhabi” stock closed up by 2.6% at 18.90 dirhams, with a turnover of more than 13 million shares, while the “Aldar Properties” share increased by 3.7% at 4.53 dirhams, with a turnover of more than 19 million shares, after “Alpha Abu Dhabi Holding Company” announced an increase Its stake in Aldar Real Estate Company, thus becoming the parent company of Aldar.

From this point, «Multiplay» shares increased by 1.7% to reach 1.97 dirhams, with a turnover of 24 million shares, while «Borouge» shares closed at its previous price of 3.00 dirhams, with a transaction of nearly 15 million shares.

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