2023-09-05 22:00:29
The local stock markets attracted regarding 2.54 billion dirhams over the past two sessions (Monday and Tuesday), with a focus on real estate, financial, and banking stocks.
The liquidity of shares was distributed by 1.96 billion dirhams in the Abu Dhabi Securities Market, and 582.38 million dirhams in the Dubai Financial Market, while 552.56 million shares were traded, through more than 40.48 thousand deals.
The “FTSE Abu Dhabi General Market” index reached the level of 9656.13 points at the close of yesterday’s session, following trading 158.78 million shares, at a value of 985.07 million dirhams, through 13.13 thousand transactions.
And by the end of yesterday’s trading, among the gainers in the Abu Dhabi market was «ADC Corporation» by 14.93%.
At the end of trading, the Dubai Financial Market decreased by 0.37%, to close at 4053.42 points.
Aaron Leslie John, chief market analyst at Century Financial, expected that “the stock market in the UAE will witness generally good performance during the second half of 2023 in light of the government’s measures taken to achieve economic diversification, which are beginning to bear fruit.”
He pointed out that the real estate sector defied the global trend and overcame the recession, and Dubai alone recorded a 43% year-on-year growth in the value of real estate deals in August to 33.7 billion dirhams.
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