2023-08-25 11:56:56
At the end of trading today, Friday, the local stock markets attracted liquidity of approximately 1.59 billion dirhams, with its concentration in real estate, financial, and banking stocks.
Liquidity was distributed by 1.217 billion dirhams on the Abu Dhabi Stock Exchange, and 373.153 million dirhams on the Dubai Financial Market, following 400.52 million shares were traded through more than 22.57 thousand transactions.
The Dubai Financial Market index decreased by 0.17% to 4099.49 points, while the Abu Dhabi Market Index “Fadji” decreased slightly, by 0.062%, to 9765.37 points.
In detail, the Dubai Financial Market index declined, coinciding with the decline in the share of «Emaar Properties» by 1.42%, at the level of 6.9 dirhams. “Dewa” share declined by 1.16% at 2.56 dirhams, with transactions exceeding 39.36 million dirhams. Emirates NBD and Gulf Navigation declined by 0.29% for the first and 0.14% for the second. Tabreed’s share led the decline by 3.16%, at 3.67 dirhams.
The most attractive stock for liquidity was the share of «Gulf Navigation», with transactions of approximately 95.23 million dirhams, followed by the share of «Muthrif Ajman», with transactions of approximately 63.33 million dirhams.
The Abu Dhabi Securities Market index fell, with the decline of «Alfazbi» 1.49%, followed by the «Q Holding» share by 0.27%, while the share «Multiple» rose by 3.36%, and the share of «Waha Capital» jumped by 8.86%.
The “Multiplay” share was the most attracting liquidity, with a value of 329.058 million dirhams, followed by the share of “Al-Alamiah Holding” by regarding 211.712 million dirhams, followed by the share of “Q Holding” by regarding 134.046 million dirhams.
On the weekly level, the local financial markets ended the weekly trading in contrast, as the Abu Dhabi financial market declined, 0.23% from the level of 9800.65 points to the level of 9765.37 points, and the Dubai market rose at the end of the session by 1.21% to 4050.59 points from the level of 4099.49 points, touching its highest level during 8 years approx
In turn, Aaron Leslie John, chief market analyst at Century Financial, confirmed that the Dubai Financial Market index rose to more than 4,100 points, the highest level in 8 years, with the support of the growing real estate boom and optimism regarding the economic scene in the UAE, indicating that the Abu Dhabi Securities Market index Finance is recovering to complete its significant recovery that it started in 2022. Actively supported by the booming real estate, tourism, finance, and technology sectors.
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