2024-01-19 22:06:30
The Dubai Financial Market Index once once more approached the 4,100-point barrier during yesterday’s session, following it rose by 0.7%, and closed at 4,081.71 points, achieving gains of approximately 5.3 billion dirhams, supported by the rise in SALIC shares, which touched the highest level. Since the listing following the announcement of the addition of two new toll gates in the emirate.
The market capitalization of shares listed on the market rose from 694.2 billion dirhams at the end of the session the day before yesterday, to 699.5 billion dirhams, at the end of Friday’s session.
“SALIC” shares rose by 5.18% to 3.45 dirhams, following recording during the session its highest price at 3.72 dirhams, topping the activity list, attracting liquidity of regarding 113.35 million dirhams with the implementation of four large direct transactions on the company’s shares, amounting to regarding 28 million shares, with a value A total of regarding 94 million dirhams.
These are the first large deals to be implemented in the Dubai market since the beginning of this year.
“SALIC” stock was followed in terms of activity by “Emirates NBD” stock, rising 1.45% to 17.45 dirhams, attracting liquidity of regarding 82.78 million dirhams.
Emaar Properties’ stock also ranked among the most active in the Dubai market following acquiring liquidity of regarding 37.56 million dirhams, up 1.06%.
Profit taking operations dominated the Abu Dhabi Securities Market Index at the end of yesterday’s trading, which declined 0.07%, closing at 9712.4 points.
“International Holding” led the activity in the Abu Dhabi market, attracting liquidity of regarding 210.7 dirhams, followed by “Alpha Dhabi” with liquidity of 84.7 million dirhams, then “Multiplay” attracting regarding 63.6 million dirhams.
The market capitalization of stocks listed on the local financial markets reached 3.656 trillion dirhams at the end of yesterday’s session, distributed by 2.956 trillion dirhams for stocks listed on the Abu Dhabi market and 699.49 billion dirhams for stocks listed on the Dubai market.
The shares attracted liquidity at the end of the session at regarding 1.49 billion dirhams, distributed by 982.6 million dirhams in the Abu Dhabi market, and 512.6 million dirhams in the Dubai market, and regarding 394.4 shares were traded through the implementation of more than 20.4 thousand transactions.
Financial markets analyst Mahmoud Atta confirmed that traders in local financial markets are still seeking to seize new financial positions in shares of companies with good operational performance that are expected to announce strong annual cash dividend plans.
Direct deals
Direct large trades are defined as trades that are executed outside the order book, and do not affect the closing price of the company’s stock in question, nor the price index, nor do they affect the highest and lowest prices executed during the session and during the last 52 weeks.
94 million dirhams, the value of the 4 large deals on “SALIC” shares.
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