Local stocks gain 127 billion dirhams in 7 sessions

2023-11-06 22:06:20

Local stock markets increased their gains at the end of yesterday’s trading, and their market capitalization gained about 127 billion dirhams over seven consecutive sessions, while the gains of yesterday’s session approached the barrier of 12 billion dirhams.

Market gains were distributed at 101.5 billion dirhams for the Abu Dhabi Securities Market, and 25.3 billion dirhams for the Dubai Financial Market.

The market capitalization of listed shares rose from 3.396 trillion dirhams in the session of last October 26, to 3.523 trillion dirhams at the end of yesterday’s session, distributed by 2.858 trillion dirhams for shares listed on the Abu Dhabi Securities Market, and 665.06 billion dirhams for shares listed on the Dubai Financial Market.

Local stocks attracted liquidity of about 1.33 billion dirhams. The Abu Dhabi market index rose by 0.44% to 9,552.13 points.

The Dubai Financial Market Index also rose by 0.69% to the level of 3956.96 points, coinciding with the rise of the shares of “BHM Capital Financial Services” by 14.58%, the shares of “Dubai Financial Market” by 2.96%, and “Dubai Islamic” by 2.39%.

The most traded stock was Emaar Properties, rising by 1.9% at 6.96 dirhams, with trades exceeding 90.03 million shares.

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