Monday, July 18, 2022 – 5:11 PM
ABU DHABI, July 18 / WAM / The local stock markets continued their gains for the third consecutive session at the conclusion of today’s session, coinciding with the listing of the shares of “Union Cooperative” on the Dubai Financial Market as the first consumer cooperative in the country to take this step.
According to the monitoring of the Emirates News Agency “WAM”, the local stock gains at the end of today’s session exceeded 13 billion dirhams, with the market value increasing from 2.465 trillion dirhams at the end of last Friday’s session to 2.478 trillion dirhams at the end of today’s trading.
The FTSE Abu Dhabi General Market Index rose 0.13% to close at 9199.26 points, supported mainly by the rise of leading shares in the banking, investment and energy sector, while the Dubai Financial Market index rose by 0.33%, reaching the level of 3170.9 points, due to the rise in real estate and investment shares.
The shares attracted a total liquidity of regarding 1.32 billion dirhams, distributed as 1.12 billion dirhams in the Abu Dhabi market, and 208.6 million dirhams in the Dubai Financial Market, following trading on more than 210 million shares, through the implementation of 12.8 thousand transactions.
The performance of the Abu Dhabi Securities Exchange was supported with the increase of “International Holding” by 0.25% to AED 285, with its activity topping the list by regarding AED 317.5 million, and “First Abu Dhabi” increased by 0.32% to AED 18.66, and “ADNOC Drilling” rose 2.75% to AED 3.36 .
The performance of the rise of the Dubai Financial Market was reinforced by the increase in the share of “Emaar Properties” by 2.7% to close at 5.31 dirhams, topping the list of activity following attracting liquidity by regarding 75.27 million dirhams, as “Air Arabia” rose by 2.48% to 2.06 dirhams, and “Dubai Investments”. By 2.27% to 2.25 dirhams.
The “Union Coop” share attracted more than 15.9 million dirhams in liquidity on the first trading day, following trading regarding 4.52 million shares, to close at 3.56 dirhams.
WAM / Ramy Samih / Ahmed Al-Boutli
