Dubai, UAE – Local stock markets achieved several gains, Friday, after a state of optimism prevailed among investors. This is in terms of price increases, liquidity levels and trading volumes, with the markets achieving total market gains amounting to 110.35 billion dirhams. After the market value of companies listed on the Abu Dhabi Securities Exchange increased by about 72.6 billion dirhams to record 2.854 trillion dirhams. With the market value of companies listed on the Dubai Financial Market increasing by approximately AED 37.75 billion to AED 975.616 billion.
The Abu Dhabi Securities Market index jumped at its highest daily pace since last April, closing up 2.71% to 9,804.97 points, gaining 259.46 points. The Dubai market index closed up 3.84% and by about 220 points to 5954 points, with the highest daily gains in 6 weeks.
These increases came after the implementation of selective purchasing operations targeting leading stocks in various sectors, where the improvement in market performance coincided. With relative trading activity, the total trading value exceeded 3.75 billion dirhams after trading more than 833 million shares during 73,574 transactions.
Abu Dhabi
The total trading value on the Abu Dhabi Securities Market jumped to exceed AED 2.36 billion. It included more than 507.7 million shares across 46,534 transactions.
Al Dar shares topped the list of most active shares in terms of value with about 349.35 million dirhams, followed by Abu Dhabi Islamic Bank shares with a value of 231.67 million dirhams. Then “Al-Alamiya Holding” worth 218.67 million dirhams.
Al Dar shares topped the list of most active shares in terms of quantity, with about 46 million shares. It was followed by ADNOC Gas, with 38.37 million shares traded, then Manazel, with 30.83 million shares traded.
Dubai Financial Market
The total trading value on the Dubai Financial Market rose to AED 1.39 billion, after dealing in 325.32 million shares, through the execution of 27,040 transactions.
The market witnessed an increase in the shares of 36 companies, compared to a decrease in the shares of 11 companies and stability in the shares of 7 companies.
The list of rising active stocks included “Emaar Properties” by 8.33% to 11.7 dirhams, and “Emaar Development” by 7.93% to 14.14 dirhams. And “Emirates NBD” by 7.97% to 28.7 dirhams.
Dubai Islamic Bank shares also rose by 7.57% to AED 7.81, and Amlak Finance shares rose by 5.51% to AED 1.34. “Al-Etihad Real Estate” by 2.56% to 0.68 dirhams, and “Sakoun Insurance” by 10.61% to 5.24 dirhams. While Air Arabia shares rose by 6.19% to AED 5.14, Drake & Scull by 4.56% to AED 0.229, and Diyar by 4.05% to AED 0.821.
