Abu Dhabi, UAE – Local stock market indices began April trading with good increases, supported by active stock purchases in the banking and real estate sectors. Institutional liquidity flows strengthened the rise in indices.
The Abu Dhabi Securities Market index closed up by nearly 1.35% and by about 128.8 points to 9,649.72 points. While the Dubai Financial Market index jumped, rising by more than 2% and by about 110.2 points to 5,544.61 points.
The market value of companies listed on the Abu Dhabi Securities Exchange increased by approximately AED 26.86 billion to AED 2.793 trillion. While the market value of companies listed on the Dubai Financial Market gained about 22.32 billion dirhams, reaching 918.99 billion dirhams. The total market gains during the day amounted to about 49.18 billion dirhams.
The improvement in market performance coincided with relative trading activity, with the total trading value exceeding 2.52 billion dirhams. After trading 892.5 million shares in 53,744 transactions.
Abu Dhabi
The total trading value on the Abu Dhabi Securities Market rose to exceed AED 1.37 billion. It included more than 661.6 million shares across 33,243 transactions.
Al Dar shares topped the list of the most active shares in terms of value with about 243.58 million dirhams, followed by Abu Dhabi Islamic Bank shares with a value of 134.5 million dirhams, then Abu Dhabi Commercial Bank shares with a value of 134 million dirhams.
Investment Bank shares were the most active in terms of quantity, with about 280.14 million shares, followed by Abu Dhabi National Hotels shares, with 138.78 million shares traded, then Al Dar shares, with 30.53 million shares traded.
Real estate and banking stocks also led the rising list of active stocks.
Dubai market
The total trading value on the Dubai Financial Market amounted to AED 1.151 billion. After dealing with 230.969 million shares, through executing 20,501 transactions.
The market witnessed an increase in the shares of 30 companies, compared to a decrease in the shares of 13 companies. The list of rising active stocks included: “Emaar Properties” by 5.55% to 12.35 dirhams, and “Emaar Development” by 5.18% to 14.2 dirhams. And “Emirates NBD” by 4.86% to 28.05 dirhams. And “Tekum” by 5.53% to 3.24 dirhams. And “orders” by 0.92% to 0.766 dirhams. And also “Amlak Finance” at a rate of 4.67% to 1.79 dirhams.
Shares of Dubai Islamic Bank also rose by 1.36% to AED 7.42, Diyar Development by 2.14% to AED 0.811, and Etihad Properties by 2.14% to AED 0.716.
