83.7 billion dirhams of local stock gains in a week
Local stocks achieved strong gains during the past week, as the market capitalization gained about 83.7 billion dirhams, bringing the total market value to 2 trillion and 472 billion dirhams, as the Abu Dhabi Stock Exchange gained 65.8 billion dirhams to 1 trillion and 923 billion dirhams.
The Dubai Financial Market gained 17.9 billion dirhams during the week, bringing the market value to 548.2 billion dirhams.
In detail, the weekly market liquidity recorded about 7.14 billion dirhams, of which 1.062 billion dirhams in the Dubai market, and 6.078 billion dirhams in the Abu Dhabi market, and the traded quantities of shares amounted to 1.154 billion shares, distributed by 762.92 million shares in Abu Dhabi, and 391.12 million shares In Dubai, this came through the implementation of 66,092 deals.
According to financial market analysts, the positive performance was supported by the strong results of companies, which encouraged investors to intensify their purchasing operations.
And the Dubai Financial Market closed in the Friday session slightly up by a point, at the level of 3257 points, with transactions totaling 202 million dirhams.
By closing at this level, the market will have increased by 97 points for this week as a whole, by 3% compared to its closing last Friday, July 15, 2022.
The market witnessed an increase in the shares of 18 companies out of 31 companies that were traded today, while the shares of 7 companies declined, and 6 companies remained stable.
Shares of «Emaar Properties» closed down by 0.2% at 5.37 dirhams, amid trading of nearly 8 million shares, while "Union Properties" share increased by 0.4% at 0.234%, with transactions exceeding 6 million shares.
Shares of "Dubai Financial Market" rose by 4.2% to reach 1.72 dirhams, with a transaction of nearly 15 million shares, while "Deyaar Development" share increased by 1.9% at 0.488 dirhams, with a transaction of nearly 6 million shares.
Shares of «Emirates NBD» decreased by 1.2% at 12.80 dirhams, with transactions of nearly two million shares, while «Dubai Islamic» share increased by 0.3% at 5.80 dirhams, with transactions exceeding 4 million shares.
The Abu Dhabi Securities Exchange index closed today, up 0.7%, at the level of 9660 points, with transactions worth a total of 1.2 billion dirhams.
By closing at this level, the market would have increased by 473 points for this week as a whole, by 5% compared to its closing last Friday, July 15, 2022.
Out of the 49 companies whose shares were traded today, the shares of 27 companies rose, while the shares of 16 companies declined, and 6 remained stable. .
«First Abu Dhabi City» shares closed with an increase of 1.4% at 19.98 dirhams, with transactions of nearly 12 million shares, while «Eshraq Investments» share increased by 3.6% at 0.348 dirhams, with transactions exceeding 18 million shares.
«ADNOC Distribution» shares increased by 0.5% to close at 4.21 dirhams, with a transaction of nearly 14 million shares, while «Multiplay» shares increased by 2.8% at 1.81 dirhams, with a transaction of nearly 38 million shares.
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