Emirates News Agency – Local stocks gain 6 billion dirhams, and the Dubai market exceeds the barrier of 4,200 points

2023-10-03 12:15:15

Abu Dhabi, 3 October / WAM / Local stock markets increased their gains and their market capitalization reached nearly 6 billion dirhams, while the Dubai market succeeded in exceeding the 4,200-point barrier for the first time in more than 98 months (8 years and 2 months).

Market gains were distributed at 3.79 billion dirhams for the Dubai Financial Market, and regarding 2 billion dirhams for the Abu Dhabi Securities Market.

The market capitalization of listed stocks reached 3.554 trillion dirhams at the end of today’s session, distributed by 2.851 trillion dirhams for stocks listed on the Abu Dhabi Securities Market and 702.7 billion dirhams for stocks listed on the Dubai Financial Market.

The Dubai market continued to reach its highest levels since mid-July 2015 following its general index rose by 0.45%, or the equivalent of 18.7 points, to close at 4201.84 points, while the FTSE Abu Dhabi General Market Index “Fudge” increased by 0.53% to the level of 9839.09 points, while the “Fadji” index reached the level of 9839.09 points. Fadex 15″ at 9566.52 points, with gains exceeding 51.5 points, or 0.53%.

“International Holding” accounted for the largest share of trading in the Abu Dhabi market with a liquidity of 246.2 million dirhams and closed up by 0.77% at the level of 403.7 dirhams, followed by “Aldar Properties” with a liquidity of 138.6 million dirhams and closed at 5.99 dirhams with a gain of 2.39%, then “Alpha Dhabi” attracted 114.6 million dirhams and reached 19.8 dirhams.

In the Dubai market, “Emaar Properties” led the activity, attracting liquidity of regarding 220 million dirhams and closed at 8.21 dirhams, followed by “Gulf Navigation” with liquidity of 116.8 million dirhams and closed at 7.1 million dirhams, then “Ajman Bank” with liquidity of 96.6 million dirhams and reaching 2.21 dirhams.

Assem Al-Khouly/Rami Samih

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