Amidst the purchases of foreign investors

30 billion dirhams, local stock gains in two sessions

Dubai market index closed yesterday at the level of 3359 points.

Photography: Ahmed Ardeti

Local shares achieved gains of about 30 billion dirhams during the Wednesday and Thursday sessions, amid purchases by foreign investors, targeting the leading shares in the financial sector, where shares gained at the end of yesterday's session 20 billion dirhams, while they gained about 10 billion dirhams at the end of Wednesday's session.

In the two sessions, the shares attracted more than 3.21 billion dirhams in liquidity, distributed by 2.86 billion dirhams in the Abu Dhabi Stock Exchange, and 347.79 million dirhams in the Dubai Financial Market.

About 620.44 million shares were traded in the two markets, through the implementation of 32.58 thousand transactions.

The market capital of the listed shares rose from 2.62 trillion dirhams at the end of last Wednesday's session, to 2.65 trillion dirhams at the end of yesterday's session, distributed by 2.86 trillion dirhams for shares listed on the Abu Dhabi market, and 559.4 billion dirhams for shares listed on the Dubai market.

The Abu Dhabi Securities Exchange index rose yesterday, by 0.74%, to reach the level of 9786 points, with a total value of 1.5 billion dirhams, with the "Borouge" share increasing by 0.3% to 2.93 dirhams, with transactions exceeding 17 million shares.

ADNOC Distribution's share increased by 0.2% to 4.17 dirhams, with trading of nearly 14 million shares.

The "First Abu Dhabi" share ended trading at its previous price of 18.40 dirhams, with transactions approaching 11 million shares, and "Etisalat" share decreased by 2.2% to 23.36 dirhams, and transactions exceeded three million shares.

For its part, the Dubai Financial Market index declined by 0.67% at the level of 3359 points, with a total value of 456 million dirhams, with the "Emirates NBD" share declining by 2.3% at 12.95 dirhams, and transactions that exceeded one million shares.

The "Dubai Islamic" share also fell by 1% at 5.78 dirhams, with trading of nearly six million shares.

The "Union Properties" share declined by 1.2% to 0.249 dirhams, with trading of nearly 10 million shares.

Shares of "Emaar Development" rose by 2.2% to 4.60 dirhams, with trades exceeding four million shares.

The most heavily traded stock was "Emaar Properties", which rose 0.2% to 6.02 dirhams, with transactions exceeding 18 million shares.

Local financial markets attract more than 3.21 billion dirhams of liquidity.

The market capital of the listed shares rises to 2.65 trillion dirhams.

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