UAE stocks gain 37.4 billion dirhams

Abu Dhabi (WAM) The local stock markets consolidated their gains at the close of today’s trading, and its market capitalization gained regarding 37.4 billion dirhams, as it continued to interact positively with the announcements of listed companies regarding strong profits in the first half of this year. The FTSE Abu Dhabi General Market index managed to rise by 2.08% to close at 10,136.19 points, exceeding the 10,000 points barrier and achieving its highest level since last April 11, or nearly 4 months, while the Dubai Financial Market general index rose by 0.94% to close at 3,348.56 points, reaching the highest level. levels since the beginning of August. The market capital of the listed shares rose from 2.63 trillion dirhams at the end of last Friday’s session to 2.668 trillion dirhams at the end of today’s session, distributed by 2.108 trillion dirhams for shares listed on the Abu Dhabi Stock Exchange and 560.2 billion dirhams for shares listed on the Dubai Financial Market. Local shares attracted more than 1.79 billion dirhams in liquidity, distributed as 1.54 billion dirhams in the Abu Dhabi market and 251.5 million dirhams in the Dubai market. About 328.69 million shares were traded through the implementation of more than 16.9 thousand transactions. Non-Arab foreign investors pumped regarding 91.7 million dirhams as a net purchase in the two markets, including 84.5 million net purchases in the Abu Dhabi market and 7.22 million net purchases in the Dubai market, following achieving total purchases in the two markets worth 397.16 million dirhams compared to sales of 305.4 million dirhams. The rise of the Abu Dhabi market was reinforced by the rise of leading shares such as “First Abu Dhabi” with a growth of 1.23% to close at 19.82 dirhams, attracting liquidity of regarding 211.4 million dirhams, and “International Holding” rose by 5.26% to close at 340 million dirhams, with its top activity list with a liquidity that exceeded 427.4 million dirhams. The shares of “Aldar Properties” rose 1.46%, “Borouge” 1.36%, “I & – Telecom previously” 1.2%, “Multiplay” 1%, “Taqqa” 0.79%, “Yahsat” 0.76% and “Dana Gas” 0.6 % and “Abu Dhabi Islamic Bank” 0.22%. In the Dubai market, trading was active in banking and investment shares, with the rise of «Emirates NBD» by 1.47%, «Dubai Islamic» by 1.72%, «Dubai Investment» 5.6% and «Dubai Financial Market» 0.6%. The share of «Emaar Properties» topped the activity, attracting liquidity of regarding 63.52 million dirhams and closed with an increase of 0.92% to 5.46 dirhams, then “Dubai Investments” with liquidity of 38.4 million dirhams, followed by “Dubai Islamic”, attracting more than 38 million dirhams.