With gains of nearly 5.8 billion dirhams
"Dubai Financial" is rising at the largest daily pace in 4 months
Dubai index rose by 1.35%.
Photography: Ahmed Arditi
Local stock markets consolidated their gains at the close of trading yesterday, with optimism dominating investor sentiment, following the successive announcement of good annual dividends and dividends by listed companies.
The Dubai Financial Market index rose by 1.35%, which is the largest pace of daily gains in four months since the fourth of last October, to close at the level of 3347.92 points, with market gains of about 5.8 billion dirhams, amid a collective rise in sectoral indices, led by real estate by 1.63%. Industry by 1.72% and finance by 1.37%.
The Abu Dhabi Market Index, “Vadex 15”, increased by 0.38% to 9773.1 points, while the FTSE Abu Dhabi General Market Index, “Fadji”, increased by 0.33%, to close at 9844.4 points, with the financial sector index rising by 0.6%, and basic materials by 1.4%. and consumer goods by 2.66%, and energy by 0.87%.
The market capital of the shares listed on the Dubai and Abu Dhabi Stock Exchanges reached 3.11 trillion dirhams at the close of trading yesterday, distributed by 2.527 trillion dirhams for the shares listed on the Abu Dhabi market, and 583.6 billion dirhams for the shares listed on the Dubai market.
Local stocks attracted more than 1.88 billion dirhams of liquidity, distributed by 1.64 billion dirhams in the Abu Dhabi market, and 236.1 million dirhams in the Dubai market.
About 313.5 million shares were traded, through the implementation of more than 22.4 thousand deals.
Abu Dhabi market
Abu Dhabi market
Shares of companies listed on the Abu Dhabi market interacted with the announced results, as “Abu Dhabi Commercial” increased by 3.33%, with the bank announcing an increase in annual net profits by 23% to 6.434 billion dirhams, with a recommendation to distribute dividends to shareholders at a value of 55 fils per share for the past year 2022.
Agthia’s share increased 0.74% after the company announced that its net profit increased by 14%, on an annual basis, to reach 247 million dirhams in 2022, while revenues increased to 4.07 billion dirhams.
The shares of “First Abu Dhabi” rose 1.47%, “Abu Dhabi Ports” 1.86%, “Bayanat” 1.67%, “Borouge” 1.54%, “VertiGlobe” 1.25%, “ADNOC Drilling” 0.88%, and “Multiplay”. 0.25%, and “Abu Dhabi Islamic” 0.21%.
The “Al-Alamiya Holding” share topped the activity, attracting liquidity of about 475.2 million dirhams, followed by “First Abu Dhabi”, attracting 169.1 million dirhams, then “Multiplay” 158.1 million dirhams.
In the Dubai Financial Market, the shares of “Emirates NBD” increased by 2.3%, “Emaar Properties” by 1.4%, “Dubai Islamic” by 0.36%, “Emaar Development” by 3.6%, and “Air Arabia” by 2.27%, and “ Dubai Investments” 1.84%, “Salik” 2.38%, “Empower” 0.67%, and “Tabreed” 5.18%.
The Dubai Financial Market share rose by more than 3.5%, recording a 41.7% increase in net profits, to reach 147.1 million dirhams in 2022, while total revenues reached 351.2 million dirhams, an increase of 19%.
The share of "Emaar Properties" topped the activity, attracting liquidity of more than 58.6 million dirhams, followed by "Emirates NBD", attracting about 52.9 million dirhams, then "Salik" with a liquidity of 22.8 million dirhams.
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