4 stocks account for half of the liquidity of the Dubai market

2023-10-04 22:02:47

4 shares, namely “Emaar Properties”, “Aramex”, “Gulf Navigation”, and “Shuaa Capital”, accounted for regarding half of the total liquidity of the Dubai Financial Market, at a rate of 48%, in yesterday’s trading, with a liquidity of 353.4 million dirhams, and the share of “Emaar Properties” continued to lead. Market trading, recording liquidity of approximately 165.7 million dirhams, closing at 7.94 dirhams.

The Dubai Financial Market closed at 4,192.29 points, down by 0.23%, maintaining its market capitalization above 700.5 billion dirhams.

“Aramex” and “Shuaa Capital” shares came at the forefront of gains among 17 stocks in the Dubai market, and rose 11.8% and 4.3%, respectively, as “Aramex” shares jumped to the maximum during the session at a level of 2.53 dirhams.

In the Dubai market, shares of “Gulf Navigation” rose 3.8%, “Union Cooperative” 2.5%, and “Wataniya International” 1.6%.

“Commercial Dubai” increased 1%, “Ajman Bank” increased 0.9%, “Tabreed” increased 0.55%, and “Emirates NBD” increased 0.55%.

Abu Dhabi Market

The FTSE Abu Dhabi General Market Index, “Fadji,” closed at 9,823.84 points, declining by 0.15%. The market witnessed a rise in the shares of “Bank of Sharjah” by a maximum of 14.9%, “Areed” increased by 11%, “Fujairah Building Industries” increased by 10.5%, and “ Marine Dredgers 7.7%, and ADC Corporation 6.5%.

The share of “International Holding” received the largest share of Abu Dhabi market liquidity, with more than 215 million dirhams, then “Alpha Dhabi Holding” with liquidity of 104.9 million dirhams, closing at 19.8 dirhams.

Liquidity

At the end of yesterday’s session, local stocks attracted liquidity of regarding 1.77 billion dirhams, distributed by 1.04 billion dirhams in the Abu Dhabi market, and 737.7 million dirhams in the Dubai market, and regarding 566.76 million shares were traded through the implementation of 25.4 thousand transactions.

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