2023-08-31 17:34:57
Thursday, August 31, 2023 – 9:32 PM
ABU DHABI, 31 August / WAM / Local stock markets consolidated their gains during the trading of this August, and their market capitalization gained nearly 35 billion dirhams, with optimism dominating investor sentiment following the listed companies announced strong profits in the first half of this year.
The market capital of the shares listed in the two markets rose from 3.505 trillion dirhams at the end of last July to 3.54 trillion dirhams at the end of this August, distributed by 2.855 trillion dirhams for the shares listed on the Abu Dhabi Stock Exchange and 685.34 billion dirhams for the shares listed on the Dubai Financial Market.
Local stocks attracted liquidity during August of regarding 38.2 billion dirhams, distributed by 28.2 billion dirhams in the Abu Dhabi market and 9.97 billion dirhams in the Dubai market, and regarding 12.3 billion shares were traded through the implementation of more than 589.7 thousand deals.
– Abu Dhabi market.
The FTSE Abu Dhabi Market Index, “Fadji”, increased by 0.24%, or the equivalent of 23.1 points, to close at 9810.21 points, while the Abu Dhabi Market Index, “Faddex 15”, reached the level of 9502.89 points.
The financial sector index rose by 1.38%, the real estate sector by 0.85%, the industrial sector by 0.39%, health care by 19%, and services by 6.17%.
The share of “Q Holding” achieved the largest rate of increase in the Abu Dhabi market during August, with a rise of 49%, and the shares of “Barjeel Holding” rose 275%, “Multiple” by 18%, “Taqa” by 6.2%, and “ADNOC Supply” by 4.4% and “ ADNOC Drilling 4.1%, International Holdings 3.5%, Aldar 1.74%, and Alfa Abu Dhabi 0.7%.
And “Al-Alamiya Holding” acquired the largest share of trading, attracting liquidity of regarding 4.9 billion dirhams, followed by “Q Holding” with regarding 3.35 billion dirhams, then “Multiple” with 3.11 billion dirhams, and “Al-Faza” attracting more than 2.6 billion dirhams.
Institutions and investment portfolios tended to buy in the Abu Dhabi market during August trading, with a net purchase of 99.5 million dirhams, following recording purchases worth 18.44 billion dirhams, compared to sales of regarding 18.3 billion dirhams.
Dubai market.
The general index of the Dubai Financial Market rose by more than 0.58%, or the equivalent of 23.6 points, in August, to close at 4082.87 points, with the consumer goods index rising by 6.9%, industry by 4.4%, and real estate by 3.05%.
Among the winning shares in the Dubai market were “Emaar Properties” by 9.7%, “Air Arabia” 9.7%, “Salik” 6.7%, “Dubai Investments” 2.05%, “Emaar Development” 3.3%, “Tecom” 3.1%, and “Tabreed” 6.7%. %.
“Emaar Properties” led the activity, attracting liquidity of regarding 1.6 billion dirhams, followed by “Ajman Bank” with a liquidity of 1.29 billion dirhams, then “Emirates NBD”, attracting more than 1.27 billion dirhams.
Institutions tended to buy in the Dubai market during August trading, achieving a net purchase of 162.7 million dirhams, following recording purchases worth 4.56 billion dirhams, compared to sales of regarding 4.39 billion dirhams.
Awad Mukhtar / Ramy Samih / Ahmed Al-Boutli
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