2023-08-02 22:03:19
The local stock markets consolidated their gains during the first two sessions of the month of August, as their market capitalization gained regarding 28 billion dirhams, amid an increase in “selective purchase” of the leading stocks.
The market value of shares rose from 3.505 trillion dirhams at the end of the session on Monday (the last sessions of July), to 3.533 trillion dirhams at the end of trading on Wednesday, distributed by 2.84 trillion dirhams for the Abu Dhabi Stock Exchange, and 690.94 billion dirhams for the Dubai Financial Market.
At the indices level, the Dubai Financial Market index rose by 0.6%, or the equivalent of 24.44 points, from the level of 4059.27 points at the end of the last sessions of last July to the level of 4083.71 points at the end of yesterday’s trading session.
In turn, the Abu Dhabi market index rose from the level of 9787.13 points at the end of the last sessions of last July, to 9826.11 points at the end of yesterday’s trading.
On the daily level, the local stock markets consolidated their gains at the end of the second sessions of last August, as the Abu Dhabi Securities Market index rose by 0.49%, while the Dubai Financial Market index rose by 0.16%.
Local stocks attracted more than 2.45 billion dirhams of liquidity, distributed by 1.92 billion dirhams in the Abu Dhabi market, and 534.28 million dirhams in the Dubai Financial Market, while regarding 880.76 million shares were traded through 34.42 thousand transactions.
Some stocks witnessed strong and remarkable rises, as the share of “Emaar Properties Company”, listed on the Dubai Financial Market, jumped 0.6%, and attracted liquidity of 136.36 million dirhams, rising to the level of 7.05 dirhams, to continue flying above its highest level since 2017.
In the Abu Dhabi market, the share of “Q Holding Company” jumped by the maximum estimated rate of 14.67%, reaching the level of 2.97 dirhams, reinforced by a liquidity of 270.58 million dirhams, following the company received an offer from the “holding” and “IHC Capital” to merge the “holding” shares in the company. Abu Dhabi National Exhibition Center “ADNEC”, in addition to the majority ownership stake in “Modon”, and the full rights of “IHC Capital” in “Modon”, to establish a regional company in real estate, hospitality and events.
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