Local shares gain 24.7 billion dirhams
Local stocks attracted 2.41 billion dirhams of liquidity.
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Local stocks consolidated their gains at the close of trading yesterday, and their market capitalization gained 24.7 billion dirhams, amid foreign purchases targeting the leading stocks in the banking, real estate and communications sectors.
The market capital of the listed shares rose from 2.794 trillion dirhams at the end of the day before yesterday's session, to 2.819 trillion dirhams at the end of yesterday's session, distributed by 2.243 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 575.19 billion dirhams for shares listed on the Dubai Financial Market.
Local shares attracted more than 2.41 billion dirhams of liquidity, distributed as 1.829 billion dirhams in the Abu Dhabi market and 583.49 million dirhams in the Dubai market. About 669.9 million shares were traded through the implementation of more than 23.2 thousand transactions.
The Abu Dhabi Securities Exchange index rose 0.4% to the level of 10,123 points, with a total value of 1.8 billion dirhams, with the share of «TAQA» increasing by 5.5% to 2.13 dirhams, recording the highest price in 13 years, with transactions exceeding 117 million shares.
Yesterday, the Dubai Financial Market rose by 0.7% at the level of 3498 points, with a total value of 583 million dirhams, with the share of «Emaar Properties» increasing by 1.6% at 6.50 dirhams, and trading of nearly 46 million shares, while the share of “Deyaar Development” increased by 2.8% At 0.509 dirhams, and transactions exceeded 15 million shares.
In addition, the subscription of individuals to the initial public offering of Salik ended yesterday, while it will end today for qualified investors, in preparation for the listing of its ordinary shares for trading on the Dubai Financial Market, to be the fourth listing witnessed by the market since the beginning of this year after the Dubai Electricity and Water Authority (DEWA). TECOM Group and Union Coop.
“SALIC” recently announced an increase in the number of shares available for subscription in its initial public offering from 1.5 billion ordinary shares to 1.867 billion ordinary shares, which means that the percentage of shares available for trading after listing will rise from 20% to 24.9% of the company’s capital, with the Dubai government retaining ownership 75.1% of its capital.
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