Dubai Financial rises to its highest level since mid-May
Local stock gains exceed 20 billion dirhams in the mid-week session
Dubai Financial Market Index closed at the level of 3458 points.
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Market gains for the local stock markets exceeded the 20 billion dirhams barrier at the close of trading yesterday, with the rise of the main indices in the Dubai and Abu Dhabi markets.
The market capital of the listed shares rose from 2.687 trillion dirhams at the end of the day before yesterday's session, to 2.707 trillion dirhams, at the end of yesterday's session, distributed by 2.134 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange, and 572.8 billion dirhams for shares listed on the Dubai Financial Market .
Local shares attracted more than 1.69 billion dirhams in liquidity, distributed by 1.234 billion dirhams in the Abu Dhabi market, and 455.5 million dirhams in the Dubai market, and about 439.04 million shares were traded, through the implementation of about 16.39 thousand transactions.
The Dubai Financial Market index rose by 1.3% at the level of 3,458 points, the highest level for the index since mid-May, while the market's trading amounted to 456 million dirhams.
The market witnessed an increase in the shares of 23 out of 33 companies that were traded during the session, while the shares of six other companies declined, and four remained unchanged.
The majority of investment shares closed in the green zone, with the "Dubai Financial Market" and "Dubai Investment" rising by 3.97% and 0.81%, respectively.
The "Air Arabia" share also rose by 2.24%.
Shares of "Emaar Properties" rose by 3.4% to 6.04 dirhams, and transactions exceeded 32 million shares, while the shares of "Dubai Islamic" rose 1.3% to 6.03 dirhams, and transactions exceeded six million shares.
Shares of "Emaar Development" rose by 1.8% at a price of 4.56 dirhams, with transactions of nearly five million shares, while the "Emirates NBD" share remained stable at its previous price, with transactions exceeding two million shares.
The most heavily traded stock was «Union Properties», which increased by 2.4% to 0.26 dirhams, with a turnover of more than 74 million shares.
The index of the Abu Dhabi Securities Exchange "FADEX 15" closed yesterday, up by 0.7%, at the level of 10,290 points, with transactions worth a total of 1.2 billion dirhams.
Of the 57 companies whose shares were traded yesterday, the shares of 26 companies rose, while the shares of 17 companies declined, and 14 companies remained stable.
The "International Holding" share rose 1.99% to close at 343.9 dirhams, with the list of activities topping the list with values with a liquidity that exceeded 318 million dirhams, as well as "Abu Dhabi Commercial" by 4.66% and "Abu Dhabi Islamic" by 1.42%.
Borouge shares rose by 1.66%, ADNOC Distribution by 1.52%, Al-Dar by 1.44%, Vertiglobe by 0.88%, Abu Dhabi Ports by 0.59%, and Multiplay by 0.5%.
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