2023-07-12 13:09:19
Wednesday, July 12, 2023 – 5:07 PM
ABU DHABI, 12th July, 2019 (WAM) — Local markets continued their upward trajectory during today’s session amid high trading, as the liquidity of the two markets exceeded 2.44 billion dirhams, distributed by 1.24 billion in the Abu Dhabi market, and regarding 1.2 billion in the Dubai market.
The general index of the Abu Dhabi Securities Market rose 0.337% to 9621.62 points during today’s session, amid transactions exceeding 1.24 billion dirhams.
The session witnessed trading of regarding 319.86 million shares through 17,967 transactions.
Institutional purchases of shares amounted to 952.4 million dirhams, while their sales amounted to 937.3 million, so that their net investments during the session amounted to regarding 15.1 million dirhams as purchase proceeds.
The “International Holding” share topped the Abu Dhabi market’s trading with more than 211 million dirhams, to close the stock at an increase of 0.08%, followed by “ADNOC Gas” in terms of trading value, by regarding 184.65 million dirhams, and the share closed up by 2.11%.
The share of Oman and Emirates Investment Holding Company was at the forefront of the gainers in the Abu Dhabi market during the session, as the share rose 8.36%, followed by Gulf Cement, up 6%.
And the general index of the Dubai market continued to rise during today’s session by 0.04% to the level of 3987.07 points, following active trading that exceeded 1.19 billion dirhams and was distributed over regarding 1.2 million shares that were traded through 17977 transactions.
The trading session witnessed an increase in the share prices of 19 companies and a decline in the share prices of 12 companies.
“Union Properties” topped the active shares in the Dubai market, with transactions exceeding 284.9 million dirhams, followed by “GFH Financial” by 188.38 million dirhams.
With regard to the most profitable stocks, “Al-Firdous Holding” came at the forefront, rising 14.98%, followed by “Dubai Refreshments”, up 12.15%.
With regard to foreign investment in the Dubai Financial Market, the value of non-Arab purchases amounted to 179.67 million dirhams, while their sales amounted to regarding 112 million dirhams.
The value of non-Gulf Arab investors’ purchases amounted to regarding 164.3 million dirhams, and the value of their sales amounted to regarding 165.1 million dirhams.
As for the Gulf investors, the value of their purchases amounted to 65.59 million dirhams, while the value of their sales amounted to regarding 115 million dirhams during the same period.
As a result of these developments, the total value of non-Emirati foreign purchases of stocks during this day amounted to regarding 409.55 million dirhams, constituting 34.1% of the total value of purchases, while the total value of their sales amounted to regarding 392 million dirhams, constituting 32.68% of the total value of sales. Thus, net foreign investment amounted to regarding 17.5 million dirhams as purchase proceeds.
Mustafa Badr El Din / George
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