Dubai, UAE – Local stock market indices rebounded upward during trading on Tuesday, supported by strong purchases on leading stocks in the real estate and banking sectors.
Local stock market indices rose again, after declines that lasted for several consecutive days.
The Abu Dhabi Securities Market index closed up, by nearly 1% and by about 93.7 to 9556.14 points.
The market value of companies listed on the Dubai Financial Market increased by about 33.29 billion dirhams to reach 911.45 billion dirhams.
While the market value of companies listed on the Abu Dhabi Securities Exchange gained about 34 billion dirhams.
To record 2.884 trillion dirhams, and the total market gains during the day amounted to about 67.29 billion dirhams.
The improvement in market performance coincided with relative trading activity, with the total trading value exceeding 3.13 billion dirhams after trading 658.32 million shares during 77,325 transactions.
Abu Dhabi
The total trading value on the Abu Dhabi Securities Exchange amounted to AED 1.564 billion, covering more than 306.91 million shares across 35,506 transactions.
The market witnessed the implementation of a large direct deal on Dana Gas Company shares worth 28.8 million dirhams, including 36 million shares at a price of 0.8 dirhams per share.
Real estate and banking stocks led the list of active rising stocks after Abu Dhabi Islamic Bank shares rose by 3% to AED 19.8, and First Abu Dhabi Bank shares rose by 2.29% to AED 17.8.
While the shares of «ADNOC Gas» rose by 0.61% to 3.27 dirhams, and “2 Point Zero” rose by 8.48% to 1.79 dirhams.
Active stocks such as Alpha Dhabi Holding rose by 4.77% to AED 7.9, Al Dar by 6% to AED 7.59, and Dana Gas by 3.71% to AED 0.809.
Dubai market
The total trading value on the Dubai Financial Market amounted to approximately AED 1.56 billion, after trading in 306.91 million shares.
By executing 35,506 trades. The market witnessed an increase in the shares of 35 companies, while the shares of 7 companies decreased.
The list of rising active stocks included “Emaar Properties” by 7.51% to 11.45 dirhams, and “Emaar Development” by 7.11% to 13.55 dirhams.
In addition to Air Arabia by 4.65% to AED 4.5, Emirates NBD by 4.9% to AED 27.8, and Dubai Islamic Bank by 5.1% to AED 7.55.
In addition to “Etihad Real Estate” by 4% to 0.739 dirhams, “Du” Integrated Communications by 4.83% to 10.2 dirhams, “Dubai Investment” by 7.55% to 3.56 dirhams, and “Amlak Finance” by 5.51% to 1.53 dirhams.
