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243 billion dirhams, the market value of shares gained in November

Dubai Financial Market index closed at 3324 points.

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The market value of the local stock markets gained about 243 billion dirhams during the month of November, supported by strong gains for the major listed stocks, amid a succession of new initial public offerings.

The market value of shares rose from 3.004 trillion dirhams at the end of October 2022, to 3.247 trillion dirhams at the end of last November’s trading, distributed by 2.664 trillion dirhams for the Abu Dhabi Stock Exchange, and about 581.178 billion dirhams for the Dubai Financial Market.

Last month witnessed new listings, including the Emirates Corporation for Central Cooling Systems "Empower" and the Education Holding Company, which contributed to attracting a new segment of international investors.

The Abu Dhabi General Market Index "Fadji" rose during monthly trading by 1.27%, or the equivalent of 133.14 points, to close at 10,545.39 points at the end of November, compared to 10,412.25 points at the end of the previous October, recording its highest level ever.

While the Dubai Financial Market index declined slightly by 0.23%, or the equivalent of 7.8 points, to close at 3324 points at the end of November, compared to its previous closing at 3331.76 points at the end of the previous October.

On the daily level, the local stock markets rose at the end of yesterday’s trading, with the implementation of changes in the “MSCI” (formerly Morgan Stanley) indicators for emerging markets, according to its semi-annual review.

And the Dubai Financial Market index increased at the end of trading by 0.6%, closing at 3324 points, with large transactions amounting to 782 million dirhams.

The positive performance coincided with the rise in the share of “Education” Holding, on the second day of listing, by 5%, at 2.68 dirhams.

The shares of “Emaar Properties” and “Union Properties” rose by more than 2%, at 6.08 dirhams and 0.257 dirhams, respectively.

The share of «Dubai Financial Market» rose by 5.8% at 1.63 dirhams, and the share of «Emirates NBD» rose by 2.7% at 13.25 dirhams.

The share of «Ajman Bank» increased by 12.7% at 1.02 dirhams, while the share of «Dubai Islamic» decreased by 1.2% at 5.68 dirhams.

And the Abu Dhabi Securities Market index ended the daily transactions, up by 1.7%, at the level of 10545 points, with transactions worth more than four billion dirhams.

The positive performance coincided with the rise of the "First Abu Dhabi" share by 1.7% at 17.6 dirhams, and the share of "Etisalat" rose by 5.3% at 25.80 dirhams.

The share of «Aldar Properties» rose by 4.9% at 4.75 dirhams, and the share of «Q Holding» rose by 5.6%.

The share of «ADNOC Distribution» rose by 4.6%, at 4.56 dirhams.

The share of “Multiplay” increased by 2.8% at 4.86 dirhams, while the share of “Taqa” decreased by 1.7% at 3.49 dirhams.

And trading in the UAE markets will stop, starting today, for the Martyr’s Day holiday and the 51st Union Day, provided that trading will resume next Monday.

• The market value of shares rose to 3.245 trillion dirhams at the end of last month's trading.

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